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Ensartech secures financial closing for waste conversion plant

25 Jan 2011

Waste-to-energy technology developer Ensartech has been reached a financial close on its first plant.

Construction of the plant is scheduled to start in January 2011 and will take an estimated 16 months to complete. Groningen Seaports has issued 1.2 hectares of land at Valgenweg in the Netherlands.

Funding for the facility includes debt financing through ABN AMRO and equity financing from Dutch Technology Fund I and Capricorn Cleantech Fund.

Technical services provider Imtech is strategic partner for the European roll-out of the technology and lead contractor for the technical engineering and all integrated technical solutions the plant.

‘Our innovative technology is uniquely able to realise 100 per cent conversion of industrial waste in an environmentally friendly manner,’ said Martin Ooms, Ensartech’s CEO.

‘The compelling nature of the technology and our committed team has proven instrumental in this financial closing in spite of the difficult economic times.’

Ensartech, which was founded by Shell and BHP Billiton alumni, aims to build 10 to 15 plants in the next five to seven years.

Copyright © 2011 NewNet

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