Connecticut-based Ash Creek Renewables, a platform dedicated to developing renewable fuel feedstock solutions and a portfolio company of Dallas-based Tailwater Capital, has added Len Federico as managing director of trading.
The firm said Federico’s hiring establishes Ash Creek’s Houston office, marking a key step in Ash Creek’s growth.
Federico joins Ash Creek from Neste, where he was 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, he played a key role in integrating multiple acquisitions into Neste’s sourcing platform and contributed to the launch of the Martinez Renewable Fuels joint venture with Ohio-based Marathon Petroleum.
“We’re 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,” CEO John Cusick said in a statement. “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, Ash Creek said. Before Neste, he 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.
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 said it 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.
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