Global specialist investment manager Quinbrook Infrastructure Partners has announced the acquisition of a strategic stake in Elemental Clean Fuels, a Canadian developer of renewable and low-carbon fuel projects. This deal marks Quinbrook’s entry into the Canadian market and strengthens its North American presence in infrastructure related to the energy transition.
Expansion of low-carbon infrastructure portfolio
Founded in 2023, Elemental Clean Fuels develops renewable fuel production projects across Canada, including clean hydrogen, renewable natural gas (RNG), and low-carbon methanol. The company is currently leading several initiatives in British Columbia and Alberta with a combined production capacity of over 500 tonnes per day. According to internal estimates, this could replace the equivalent of 145,000 cars or 1,400 heavy-duty trucks running on petrol or diesel.
The transaction includes a significant financial commitment from Quinbrook to fund the development pipeline of Elemental Clean Fuels. Quinbrook acquired its majority stake from the company’s founders and lead investor Piney Point Capital, who will retain significant minority shares and continue to sit on the board.
Execution capacity and local engagement
The leadership team of Elemental Clean Fuels previously led the development of the Cedar LNG project, the world’s first majority-Indigenous-owned liquefied natural gas (LNG) export facility, developed with the Haisla Nation. The company aims to continue this model by working with Indigenous governments, municipalities and industrial clients.
For Quinbrook, this investment is an opportunity to enter a market with abundant renewable resources, access to Asian markets and a supportive regulatory framework. The firm views British Columbia as a strategic zone for early-stage deployment of green fuels at scale.
Investor confidence in the Canadian market
Piney Point Capital, which remains a minority shareholder, stated that the arrival of Quinbrook will accelerate the advancement of ECF’s energy assets. The partnership positions Elemental Clean Fuels as a platform capable of addressing both domestic and international demand for low-carbon energy solutions.
The transaction reflects growing international investor confidence in Canada’s clean fuels market. It aligns with federal priorities to enhance Indigenous partnerships and support the export of low-emission energy technologies.
