waste to energy funding

Plasco Energy Group received $143 million (US$147.2 million) in growth equity financing for waste-to-energy projects in several countries.

The new financing comes after a $110 million (US$113.2 million) equity commitment announced in July 2010. The investments will be used to support waste-to-energy developments in Canada, the United States, the United Kingdom, Poland, the Caribbean and China.

Plasco converts municipal solid waste into synthetic gas, clean water and construction aggregate. The syngas is then used to fuel engines to produce electricity.

Cascadia Capital was the financial advisor to Plasco Energy Group in the deal. Funds were provided by Soros Fund Management LLC.

Read more financial news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...