Waste2Tricity International (Thailand) Ltd., the Thai subsidiary of Waste2Tricity Ltd, a London, UK-based structured solutions provider for the waste to energy sector, received $1.5m in funding.
The investment was made by a Thai investment consortium and Age of Reason Foundation, a founding investor in AFC Energy PLC and a major shareholder in Waste2Tricity Ltd. The investors will receive 20% of the equity of Waste2Tricity International (Thailand) in newly issued shares.
The funds will be used to acquire exclusive rights in technologies in Thailand in the waste to energy sector.
Established in 2008 and led by John Hall, Managing Director, Waste2Tricity works with clients and partners to develop, fund and support EfW deployment projects that integrate proven plasma gasification and internal combustion engines/gas turbines (ICEs/GTs). Shareholders include Roman Abramovich’s Ervington Investments, who acquired a 10% share capital stake in November last year, Age of Reason Foundation and Eturab.