Trafigura and Frontier Group of Companies acquire Mountain Creek Power Plant in Texas

Trafigura and its joint venture partner, Frontier Group of Companies, announced the acquisition of the Mountain Creek power plant in Texas from a group of financial investors for an undisclosed sum.

The 808MW steam turbine gas-fired power plant, located in the ERCOT region close to Dallas, provides a flexible source of electricity during periods of high demand. This acquisition represents a significant opportunity for Trafigura to strengthen its gas and power business in North America and expand its product offerings. The 1,500-acre site, equipped with existing grid infrastructure, offers potential for future development opportunities.

“This strategic asset will support our growing gas and power business in the US and will continue to provide a flexible source of energy to the fast-growing Texas market. There is also significant future development potential at the site for projects that contribute to regional energy security and low-carbon power solutions, such as solar power, battery energy storage solutions, or additional flexible power production,” said Richard Holtum, Global Head of Gas, Power and Renewables for Trafigura.

David Franjoine, CEO of Frontier Group of Companies, expressed enthusiasm about the partnership: “We are very excited to be partnering with Trafigura on this asset and are eager to put our energy services and industrial development expertise to work at the Mountain Creek Facility.”

Frontier Group of Companies (FGC) is a privately-owned environmental liability transfer (ELT) and brownfield development company. Founded in 2001, FGC acquires industrial facilities and brownfield sites to remediate existing environmental conditions and bring the facilities back to productive reuse. FGC’s in-house team of environmental and industrial development experts ensure the highest and best use of existing infrastructure in all development efforts. All necessary site preparation work is performed in-house by FGC’s experienced and highly skilled workforce.

FGC’s portfolio spans multiple industries and includes facilities formerly operating as fossil fuel power generating facilities, retired steel production facilities, petrochemical refineries, and pulp and paper facilities. These assets are located throughout the United States.

Trafigura, a leading commodities group owned by its employees and founded over 30 years ago, is at the heart of global supply, connecting vital resources to power and build the world. The company deploys infrastructure, market expertise, and a worldwide logistics network to move oil and petroleum products, metals and minerals, gas, and power from where they are produced to where they are needed. Trafigura invests in renewable energy projects and technologies to facilitate the transition to a low-carbon economy, including through H2Energy Europe and the joint venture Nala Renewables.