Streamline Innovations Announces Sustainability-Linked Loan Financing with Riverstone Credit Partners to Fund Growth and Meet Increasing Demand

Streamline Innovations, Inc. ("Streamline"), the leader in environmentally-advanced treatment solutions for hydrogen sulfide (H₂S), announced today that it closed on a Senior Secured Term Loan (the "Financing") on November 23, 2021. The Financing is a Delayed Draw Term Loan and is structured as a Sustainability-Linked Loan to facilitate and support environmentally sustainable economic activity and growth.

Proceeds from the Financing will be used to construct Valkyrie plants for treating natural gas production streams contaminated with toxic and corrosive H₂S. The plants will be built for new Streamline customers in the energy sector and are expected to be placed into service during the first half of 2022.

The Financing is being provided by Riverstone Credit Partners, LLC, a dedicated credit investment platform focused on energy, power, decarbonization, and infrastructure managed by Riverstone Holdings LLC ("Riverstone").

Streamline's patented chemistry and processes convert toxic H₂S into water and pure elemental sulfur, which can be cleanly disposed of or used as fertilizer for agricultural purposes, unlike many other solutions which result in hazardous or toxic byproducts that require special handling. The result is an environmental performance solution that allows companies to achieve sustainability objectives in a cost-efficient manner.

"Demand for our environmentally-forward solutions is accelerating rapidly, driving our need to secure additional financial resources," said Chip Van Os, Chief Financial Officer. "We are excited to partner with Riverstone on this financing, which comes at the perfect time. Energy companies are committed to reducing their environmental footprint by seeking clean solutions to safely remove H₂S from production streams and eliminate the flaring of toxic sour gas, which in turn eliminates SO₂ emissions. Our ability to provide green, innovative solutions that deliver attractive economics to our customers uniquely positions us to be a leader in addressing H₂S challenges in all of the markets we serve."

Chris Abbate, a Partner at Riverstone, said, "We are pleased to partner with Streamline to expand their Valkyrie treatment plant footprint. Streamline has a demonstrated track record of helping its customers across multiple end markets improve environmental performance, reduce emissions and achieve ESG goals."

About Streamline Innovations

Streamline Innovation's vision is Eliminating Pollution Through Technology. We help heavy industry around the world achieve environmental performance objectives, improve sustainability, and transition to a sustainable, low-carbon economy.

Streamline's environmentally-forward H₂S treating solutions help our customers achieve the "E" in ESG. H₂S is present in many industrial processes throughout the world, and our technology can be applied across industries, delivering a sustainable solution that eliminates H₂S, a leading cause of human inhalation accidents, corrosion and SO₂ emissions, a primary cause of acid rain.

We also believe that achieving ESG directives requires data. Creating intelligent systems that operate effectively and efficiently without human intervention is critical to measuring and reducing emissions that harm the environment. We integrate advanced process control, data collection and analytics in our technologies to provide a total solution for customers.

We serve organizations in multiple sectors, including Energy/Oil & Gas, Biogas, Landfill Gas & Renewable Fuels, Municipal Wastewater and Industrial Air & Water.

Visit streamlineinnovations.com for more information.

About Riverstone Holdings LLC

Founded in 2000, Riverstone is an investment firm focused on executing private equity and credit investments in energy, power, decarbonization and infrastructure. To date, the Firm has raised approximately $43 billion of capital, which it has deployed across its platform to over 200 portfolio companies since inception. For more information about Riverstone, please visit www.riverstonellc.com.