Stonepeak Infrastructure Partners, Noble Group join Northwest Innovation Works as partners in Pacific Northwest projects
Expanded agreement with Johnson Matthey also signed at Commerce event
SEATTLE – Northwest Innovation Works (NWIW), which recently announced expansion of their proposed Tacoma facility, today signed agreements with three partners who will support the multinational company’s projects in the Pacific Northwest. Stonepeak Infrastructure Partners and Noble Group are new partners for NWIW, and Johnson Matthey will expand their involvement in the planned $7.0 billion dollar development in Washington and Oregon.
Gov. Jay Inslee, Washington State Commerce Director Brian Bonlender, Wu Lebin, Chairman of CAS Holdings, and NWIW CEO Simon Zhang were on hand to witness the signings.
“Each of these organizations is now an integral partner in NWIW’s goal to deliver economic growth and new jobs to communities across the region,” said Simon Zhang, CEO of NWIW. “Our facilities will be leaders in clean technology manufacturing, using innovative technology to meet a global need in a more environmentally responsible way.”
Stonepeak Infrastructure Partners, a North America private equity firm, has signed an agreement with NWIW. Stonepeak invests in businesses comprised of hard assets with leading market positions primarily in the power & renewables, energy, transportation, utilities, water and communication sectors.
Noble Group supplies high growth demand markets, particularly in Asia.
As announced in August, Johnson Matthey is providing ultra-low emissions (ULE) reforming technology for NWIW facilities. The agreement signed today expanded the partnership between the two companies.
The Washington State Department of Commerce has been an active and effective partner for NWIW, providing support and assistance from the beginning of the firm’s consideration of Washington as a project location.
“The world is moving away from dirtier manufacturing methods, making projects like this more long-term economically sustainable,” said Brian Bonlender, Director, Washington State Department of Commerce. “This expansion shows that we can have family-wage manufacturing jobs and build strong and enduring communities while reducing carbon pollution. NWIW and their team are the kind of partners we want in our state.”