October 2, 2023
(Denver, Colorado) Today, Monday, October 2nd, Alder Renewables has further strengthened its commercial strategy and governance structure with the addition of company CEO Tim Obitts and former Vice President of the Boeing Company Dr. Sergey V. Kravchenko to the company board. Tim and Dr. Kravchenko will join a board that also includes former United States Secretary of the Navy and Governor of Mississippi, Ray Mabus and the Founder and CEO of Adequita Capital, Xavier Adserà.
Dr. Kravchenko worked for almost 30 years in different leadership positions for the Boeing Company—the sustainability leader in the aerospace industry. His areas of expertise include engineering, aviation services, airport technologies, global talent and innovation, and international strategies. During his career, Sergey actively participated in the development of Boeing 777 and 787 commercial aircraft, which are the most fuel-efficient and environmentally friendly airplanes in the world. Before joining Boeing, Dr. Kravchenko worked as a research scientist and a professor. He has published more than 50 scientific papers and 19 patents in different areas of engineering and aerospace.
Xavier Adserà, Alder Renewables Board Chair, commented, “Throughout 2023, under Tim’s leadership, the Alder Renewables team has put in place the governance structure and financial strategy that bends the curve from start-up to scale-up. The company has now reached that destination. We are ready to take this proven technology to market, and bringing Sergey onboard is an integral part of that vision. The next phase is about commercialization and growth. There is a renewed sense of purpose and optimism at Alder Renewables.”
Tim Obitts, Alder Renewables CEO, commented, “I am delighted to welcome such a respected and world-leading aviation leader to the Alder Renewables Board. As we embark on our commercialization journey, Sergey’s depth of experience will be priceless. His resume is extraordinary, but Sergey is, at his core, a transformation and innovation leader. We could not be happier that he has joined our decarbonization mission.”
Dr. Sergey V. Kravchenko commented, “On the road to the sustainable aerospace, the Alder Renewables value proposition is clear: they are building a foundational renewable platform. Alder Renewable Crude (ARC) has the power to unleash the sustainable fuel and products we need to transition and decarbonize efficiently—and at speed and scale. I have watched their technology development closely and I am excited to join the Board of Alder Renewables, and to bring my three decades of aviation experience to bear on the next step of the company’s technological and commercial journey.”
The recently rebranded Alder Renewables is on a mission to replace fossil-based products and help rebalance our relationship with the planet. The company is approaching a critical point in its journey, with upcoming announcements regarding the use of miscanthus in its ARC production process, new investment opportunities, pilot project updates, and the path forward to commercialization.
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About Alder Renewables
Alder Renewables is on a mission to replace fossil-based products and help rebalance our relationship with the planet. We harness the power of abundant and sustainable biomass to create a low-carbon to carbon-negative renewable platform. We call it Alder Renewable Crude (ARC). ARC can be converted into sustainable aviation fuel (SAF), low-carbon marine and transport fuels, and bio-based chemicals. Alder Renewables is backed by Honeywell UOP, United Airlines Ventures, Dakia Energy, Directional Aviation, and Avfuel. Its technology has been trialed and tested at the Department of Energy’s National Renewable Energy Laboratory(NREL) with support from the U.S. Defense Logistics Agency. Announced in July 2022, Boeing will support testing and qualification of Alder-derived SAF including flight demonstrations to ensure readiness.
July 28, 2023
Hello, friends. We wanted to take the opportunity to publish a blog post that pulls back the curtain on our recent brand refresh and the rationale behind the decision to change our name from Alder Fuels to Alder Renewables. We hope you like it.
To find out more about what we do and how we do it, check out our brand-new website.
First, we produce a renewable platform–we call it ARC (Alder Renewable Crude). ARC unleashes a diverse range of end-use renewable products. An effective way to think about our offering is one renewable platform; many renewable products.
Second, as a result, we felt that Alder Fuels was no longer emblematic of who we are and what we do. We chose Alder Renewables because we wanted to retain the spirit of the original brand and the ethos of sustainability that is the heartbeat of our operations, while better describing our core offering.
We added Renewables because that is what we do: We empower the creation of a range of renewable products; products that are central to the collective effort to decarbonize critical parts of our society.
Like all strong mission statements, we wanted ours to contain both the what and the why behind our company's existence.
Our mission at Alder Renewables is to replace fossil-based products and help rebalance our relationship with the planet.
The core of what we offer as a business is a platform unleashing renewable alternatives that replace fossil-based products. ARC, specifically, offers unrivaled optionality to refiners and empowers them to create sustainable aviation fuel, renewable chemicals, and low-carbon to carbon-negative marine and ground transportation fuels.
Why we do it is also critical. We do it because we want to play our part in bringing our natural ecosystems back into some sort of sustainable balance. We want to part of the solution. By harnessing sustainable feedstocks and catalyzing the creation of a diverse range of renewable products, we believe we can make a lasting societal impact.
We have an urgent and collective responsibility to reduce the excess amounts of carbon we currently emit–that is where Alder Renewables and its proprietary technology come in. Our bold mission will animate everything that we do.
We spent significant time working through our values and finalizing them. The Alder Renewables team operates at the forefront of renewable fuel production and the technology development underpinning the clean energy transition.
We are scientists, technologists, researchers, engineers, project managers, marketers, and commercial leaders. We undertook this extensive process because we wanted partners, collaborators, investors, supporters, and customers to better understand how we work and what they can expect when they engage with Alder Renewables. We will hold ourselves accountable to these values in everything that we do:
This list reflects our culture, the speed and demands of our startup ethos, the spirit of sustainability that guides our work, and the open and transparent approach we take to the development of our products.
We have refreshed our brand identity because we believe evolution was necessary. We also wanted to create artwork that better encapsulates who we are and what we do. We wanted it to be clean and clear, and to demonstrate a singular vision. The bold colors and blends of jade and green reflect our commitment to sustainability, and our mission to push the boundaries of what is possible in a decarbonized society.
Check out our site and the videos that describe what we do and how we do it—they will give you a behind-the-scenes look at our technological development and the team that is core to the Alder Renewables story. Here's a snapshot:
Right now, we are hard at work on our journey towards commercialization, including developing our pilot facility and moving to a new lab space where our team will further advance our technology. Track our progress here. In the meantime, please get in touch with us: hello@alderrenewables.com
Thank you for reading. Onwards.
Team Alder Renewables
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