Greenline Industries, Inc., Raises US$20 Million in first Round Financing
SAN FRANCISCO, April 7 /PRNewswire/ —
Greenline Industries, Inc. the EPA Award winning leader in the design and
construction of biodiesel production facilities, today announced the
successful completion of a US$20 million Series A preferred stock financing
round with Leaf Clean Energy Company (”Leaf”) (LSE: LEAF.L), a publicly
traded London -based US$400 million clean energy fund focused primarily on
investment opportunities in North America. This initial investment will allow
Greenline to accelerate research and development to improve upon its existing
technology and add new products to reduce the costs to produce biodiesel.
Greenline is a leading provider of modular waterless systems that produce
biodiesel. Greenline facilities provide multiple feedstock choices through
computer controlled continuous flow control technology that optimizes the mix
of catalyst, methanol and oils. Greenline pioneered the innovative technology
that utilizes a patented Rohm and Haas ion-exchange resin to purify the
biodiesel, thereby eliminating the energy intensive problems of removing
process water from the fuel and treating the wastewater. Greenline also
recently introduced a non-polluting, non chemical, free fatty acid stripper
pre-treatment module that enables producers to process less expensive
feedstock, including virtually any quality of animal fat.
“We are honored to be partnered with Leaf since it brings Greenline
access to the global EPC experience of The Shaw Group Inc., and the carbon
market expertise of EEA Fund Management Ltd through Energy & Climate
Advisors, Leaf’s Appointed Representative,” explained Greenline CEO John
Kinney. “Our customers benefit from having access to financing and services
that no other biodiesel equipment provider can offer.”
“This is a great opportunity for Leaf to partner with a leading biodiesel
technology provider, and we are excited by the prospect of helping Greenline
deliver superior production solutions to the biodiesel industry,” said Leaf
Chairman Peter Tom.
About Greenline Industries, Inc.
Founded in 2002 by Jacques Sinoncelli and Michael Brown, the mission of
Greenline Industries is to decentralize power. They are a world leader of EPA
award-winning patented waterless biodiesel processors. At its core, Greenline
Industries is committed to addressing the world’s environmental and
socio-economic issues with biodiesel production technology. With offices in
the USA, Brussels, Romania, and Argentina, Greenline has sold more than
30 biodiesel production lines with an aggregate production capacity of
200 million gallons of biodiesel. Greenline may be reached at
1-415-526-7600 and viewed at http://www.greenlineindustries.com.
About Leaf Clean Energy Company
In 2007, EEA Fund Management Ltd teamed up with Shaw Capital, a
subsidiary of the Shaw Group, to launch Leaf Clean Energy Company (”Leaf”).
The fund raised 200m Pounds Sterling and is listed on AIM in London. Leaf was
incorporated for the purpose of acquiring interests in, owning, operating and
managing clean energy companies and projects primarily in North America. The
sector spans multiple industries, including wind energy, solar energy, energy
efficiency, pollution control, emission credit aggregation, waste-to-energy,
wave energy, biomass power and biofuels. The company’s main investment
objective is to achieve long term capital appreciation through its acquired
interests in the clean energy sector, as well as through the potential
generation and commercialization of carbon credits derived from these
projects. Leaf is advised by EEA and Energy & Climate Advisors, a joint
venture between EEA and Shaw Capital.
http://www.leafcleanenergy.com
http://www.eeafm.com
http://www.shawgrp.com/markets/shawcapital
FOR FURTHER INFORMATION CONTACT:
Peter Brown
Euro Marketing Tools
1-408-206-7035
p.brown@greenlineindustries.com
Web site: http://www.greenlineindustries.com
http://www.leafcleanenergy.com
http://www.eeafm.com
http://www.shawgrp.com/markets/shawcapital
Greenline Industries, Inc.
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Leave a comment