Arroyo Makes Investment Move

Investment Move by Arroyo Arroyo Invests in LNG Liquefaction and Bunkering Platform Arroyo Investors, a Houston-based independent investment manager focused on power and energy infrastructure assets in the Americas, recently announced an investment in Seaside LNG and its affiliates, an integrated shore-side LNG liquefaction and fuel bunkering platform in the U.S. The company, which operates as a fuel bunkering platform in the U.S., holds equity stakes in two separate operating facilities. The company owns a 50% stake in JAX LNG, LLC, a small-scale LNG liquefaction facility (360,000 gallons per day) operating two trains in Jacksonville, Florida, and a 100% ownership stake in an LNG bunkering barge operation through Polaris New Energy. Brandon Wax, Chief Executive Officer of Arroyo Investors, said, "We believe this investment represents a distinctive opportunity for Arroyo to own and operate strategically positioned infrastructure assets that help facilitate the global maritime industry's transition from traditional heavy fuel to cleaner LNG in compliance with IMO 2020." He added, "We believe LNG, as an economical and environmentally friendly fuel supply alternative, is a key component in the transformation of the energy landscape, and Seaside LNG is well positioned to lead in supplying LNG to its customers." Credit Suisse Securities (USA) LLC acted as exclusive financial advisor to Arroyo. Source