Waste-treatment growth
New Earth Group, the British waste treatment and renewable-energy company, has announced plans to raise a minimum of £15m in equity in exchange for a minority stake.
New Earth Group, the British waste treatment and renewable energy company, has announced plans to raise a minimum of £15m in equity in exchange for a minority stake.
According to the group, cash raised will be used to accelerate the growth of its waste-treatment business and develop power plants that recover renewable energy from waste.
Bill Riddle, chairman of New Earth, said: ‘These funds will allow New Earth to accelerate the growth of its waste-treatment plants and to be at the forefront of recovering renewable energy from waste via gasification or pyrolysis on a commercial scale in the
New Earth Group comprises the waste treatment company New Earth Solutions Group and the renewable energy company New Earth Energy.
New Earth Solutions was established by Riddle in 2002 to help the
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