Daniel Rice, former CEO of shale gas producer Rice Energy, is launching his second blank-check company focused on energy transition opportunities.

Rice Acquisition Corp. II, the latest Rice-led special purpose acquisition company or SPAC, recently filed for an IPO to raise $300 million targeting a transaction in the “broadly defined energy transition or sustainability arena,” according to a company release on June 15.

“We plan to concentrate our search on supply-side solutions and innovations that enable the economy to decarbonize,” the company said in its filing with the U.S. Securities and Exchange Commission.

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