Biomass Green-light for new investment
Biomass Green, an environmental company focused on municipal solid waste treatment and the generation of renewable energy, has successfully raised new equity investment to support the development of its planned electrical generation plants. Livingstone’s Industrial sector team advised Biomass in the transaction.
Headquartered in Madrid, Biomass was created in October 2008 to commercialise in Spain and Portugal a patented technology for generating energy through conversion of municipal solid waste into electricity via a process that has minimal impact on the environment. The Company offers an efficient and proven solution to two pressing issues: managing the growing volume of waste that is produced and the generation of energy from alternative sources. In addition to resolving these two problems in an environmentally-friendly manner, Biomass also is planning to generate exceptional results for its shareholders. Biomass is actively negotiating the construction of its first three plants in Spain.
”We have been looking for strategic partners to help us in the aggressive development of Biomass Green and we are delighted with this entry of new capital” said Andy Merhi, Founding Partner of Biomass Green, and Mr Merhi further added: “The deal itself was complicated because, in addition to the equity injection into the Company, we had to lock-in the Canadian owner of the patented technology. The Livingstone team’s expertise and international experience was invaluable to find the most appropriate partners and coordinate the complicated transaction.”
Neil Collen, Partner at Livingstone said: “We are delighted to be able to announce this deal. Biomass Green is now well positioned to continue commercialising its technology in Spain.”