Bluescape Clean Fuels to go public via a SPAC merger with CENAQ Energy in a $280m deal.

Bluescape Clean Fuels, a supplier of gasoline derived from renewable feedstocks, agreed to go public via a SPAC merger with CENAQ Energy, a special purpose acquisition company focused on energy and energy transition, in a $280m deal. “We are excited to combine with CENAQ to create Verde Clean Fuels. BCF’s product is a proven “drop in” replacement for hydrocarbon-based gasoline and provides significant environmental and economic advantages as compared to traditional gasoline. This combination will not only provide the funding for BCF’s planned growth, but also the opportunity to leverage the capital markets experience and management expertise of CENAQ’s sponsor group, to create a leading provider of renewable gasoline to the North American markets,” Ernest B. Miller, BCF CEO.