Monsal secures funding for expansion
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Monsal, a company that uses advanced digestion technology to turn waste into renewable energy, has secured £14m of expansion capital from Waste Resources Fund (WRF), managed by FourWinds Capital Management.
Initially WRF will be investing £4m in Monsal, taking an equity stake alongside Monsal’s management team and private equity investor Matrix Private Equity Partners, which backed a buy-out of the business in 2007. WRF has also committed a further £10m for projects to be developed by Monsal and WRF.
Mansfield-based Monsal uses anaerobic digestion to break down organic matter to create biogas that provides the fuel for generators.
Monsal’s technology is said to be widely recognised as the technology chosen by developers, utilities, county councils, food producers, waste processors and recycling companies in the UK for this application.
The very high organics recovery, renewable energy and thermal efficiency of the Monsal process are achieved by high-efficiency pre-separation equipment and anaerobic digestion plant and technology.
The funding will be used to support further expansion of Monsal’s core anaerobic digestion solutions business in the UK wastewater industry and provide infrastructure funding for biogas energy from waste projects.
