New Rise Renewables Reno was developed and constructed with the top financial and strategic partners in the industry.
By forming a lender partnership with the Greater Nevada Credit Union who is the largest financer of government backed financing programs along with their project finance experience and knowledge, New Rise Renewables Reno was able to secure a USDA guaranteed loan to provide the necessary construction, startup, and operational capital for the new facility.
Greater Nevada Credit Union continues to support and market the low carbon goals and benefits of all renewable facilities, such as New Rise Renewables Reno.
By forming a partnership with Phillips 66 who has become a leader of renewable fuels production, development and lower carbon platform; New Rise Renewables Reno was able to secure a 15 year Supply and Offtake Agreement with Phillips 66 who will supply 100% of the facility feedstocks and will offtake 100% of the facility finished products and credits.
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