Ensartech secures investment for waste to energy conversion technology
17/06/2008 20:31
Icos Capital
Ensartech, a pioneer in waste conversion technology, announced today that it has secured an undisclosed amount to finance the rollout of its breakthrough waste smelting technology. Led by Icos Capital, the Netherlands-based cleantech investment specialist who recently made investments in i-RES and Dutch Rainmaker, along with additional capital from Capricorn Cleantech Fund, the investment will finance the rollout of a technology that enables an unprecedented 100% waste to energy conversion.
"Ensartech technology is uniquely able to realize 100% conversion of all types of waste - including the most difficult to treat waste - to energy and clean base materials, thereby closing the environmental cycle," said Peter van Gelderen, General Partner at Icos Capital and new board member of Ensartech. "100% conversion of waste to usable resources is a compelling sustainability proposition. The investment in Ensartech demonstrates Icos Capital's commitment to promoting businesses that address the problems of energy and raw material scarcity."
Martin Ooms, founder and CEO of Ensartech said: "Our proposition and the rollout plan will be given further momentum by this cooperation with Icos Capital and Capricorn. The first Ensartech plant is under construction in the North of the Netherlands. Ensartech plans to rollout 5 to 10 Ensartech plants internationally over the next few years. We are excited to have professional investors on board that understand our business and who will help facilitate its international success through their networks and experience."
Paul Decraemer, Head of the Capricorn Cleantech Investment Practice states: "The Ensartech approach will stimulate material and energy recovery and will play a role in both sustainable energy supply and environmentally-sound waste management. It will reduce dependence on both land filling and fossil fuels. Through Capricorn Cleantech Fund's investment, Ensartech will benefit from the European Union's Competitiveness and Innovation Framework Program and, indirectly, from the support of the Flemish Region. We are convinced that we will be able to leverage our network to deploy this breakthrough approach in other parts of Europe."
http://www.icoscapital.com