Quinbrook completed the acquisition of Elemental Clean Fuels from Piney Point Capital.

Quinbrook, a global investment manager focused on infrastructure for the energy transition, completed the acquisition of Elemental Clean Fuels, a Canadian developer of renewable fuels and decarbonization projects, from Piney Point Capital, a private equity firm. Financial terms were not disclosed. “We’re thrilled to partner with Quinbrook. Our partnership with Quinbrook is a turning point – not just for Elemental Clean Fuels, but for Canada’s ambition to become a clean energy superpower. With Quinbrook’s backing, we have the capital, the scale, and the certainty to move quickly and deliver. We’re building a Canadian clean fuels platform that can compete globally – one that decarbonizes industry, creates high-quality jobs, strengthens energy security, and builds lasting partnerships with First Nations and local communities. This alliance puts ECF – and Canada – on the map as a credible, long-term force in the global energy transition,” Zachary Steele, Elemental Clean Fuels Chief Executive Officer.