DALLAS, July 16,
2024 /PRNewswire/ -- Ash Creek Renewables ("Ash
Creek"), a platform dedicated to developing renewable fuel
feedstock solutions and a portfolio company of Tailwater Capital
LLC ("Tailwater"), today announced the addition of Len Federico as Managing Director of Trading.
This hire establishes Ash Creek's Houston office, marking a key step in Ash
Creek's growth.
Federico joins Ash Creek from Neste, where he served as the Head
of Supply for the Americas and led the development and execution of
feedstock sourcing for a global network of renewable distillate
refineries. While at Neste, Federico played a crucial role in
integrating multiple acquisitions into Neste's sourcing platform
and contributed to the launch of the Martinez Renewable Fuels joint
venture with Marathon Petroleum.
"We are thrilled to welcome Len to Ash Creek, as his proven
track record in navigating complex markets and driving operational
growth aligns perfectly with our vision to build feedstock supply
chains to support the renewable fuels industry," said John Cusick, Chief Executive Officer of Ash
Creek. "Len brings with him more than three decades of unique,
practical experience in the biomass-based diesel markets, including
expertise in various feedstocks and credits. This experience will
be invaluable as we capitalize on emerging opportunities and
strengthen our position as a leader in the renewable fuels
space."
Federico is a veteran commodities trader and manager with more
than 30 years of experience within the agriculture and energy
industries. Prior to Neste, Federico held various senior positions
at Louis Dreyfus, where he managed the North American biofuels
platform and oversaw the U.S. Quota Sugar and U.S. Rice
divisions.
Federico holds a B.A. in Economics & Government from
Georgetown University, where he
graduated magna cum laude. He has been actively involved in the
Advanced Biofuels Association, serving as both Chairman and Vice
Chairman.
About Ash Creek Renewables
Ash Creek Renewables is a
platform dedicated to developing renewable fuel feedstock solutions
to meet the demands of the growing renewable fuels market. The
company serves North American renewable diesel and sustainable
aviation fuel producers through its feedstock marketing,
distribution, pretreatment and logistics operations. For more
information, please visit www.ashcreekrenewables.com.
About Tailwater Capital
Dallas-based Tailwater Capital is an energy
and growth infrastructure private equity firm with a
well-established track record of working constructively with proven
management teams to deliver value-added solutions. Tailwater has
raised more than $4.5 billion in
committed capital since inception and the team has executed more
than 100 transactions representing over $23
billion in value. For more information, please visit
www.tailwatercapital.com.
Contact
Jill McMillan
Managing Director, Communications & Public Affairs
Phone: 214-489-7047
Email: jmcmillan@tailwatercapital.com
John Schaufele
Managing Director, Investor Relations & Fundraising
Phone: 214-489-7043
Email: jschaufele@tailwatercapital.com
Forward-Looking Statements
Includes non-Tailwater controlled capital pursuant to the
Tailwater led management buyout processes for which Tailwater
provides management related services.
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SOURCE Tailwater Capital