Denham Capital announced today that it will invest up to $60 million in VitAG Corporation (VitAG). VitAG technology converts municipal biosolids into a high-nitrogen fertilizer product capable of competing with conventional fertilizers. The investment will fund the construction of multiple biosolids-to-fertilizer manufacturing plants.
The
proprietary VitAG technology creates a granular fertilizer. The
small footprint of a VitAG manufacturing facility allows it to be
located at or near existing municipal wastewater treatment plants and
be sized according to the treatment plant’s biosolids output, thus
reducing logistical concerns and liability traditionally associated
with the transportation of biosolids.
"The key to VitAG’s technology is that it is environmentally-friendly," said Jeffrey C. Burnham, PhD, President and CEO of VitAG Corp. "In addition to use in traditional fertilizer markets for crops, turf, and ornamental production, VitAG fertilizer is ideal for boosting production of bio-energy specific crops," said Burnham.
VitAG has formed strategic partnerships with leading consulting, engineering and fertilizer equipment companies for the planning, engineering and construction of the VitAG facilities, and for the design and fabrication of the process equipment, respectively; and with Ferrate Treatment Technologies, LLC, manufacturer of a unique biosolids deodorizer.
About Denham Capital:
Denham Capital is a global private equity firm, with offices in Boston, Houston, Short Hills, New Jersey and London. With approximately $4.3 billion of invested and committed capital, Denham makes direct investments in all segments of the energy and commodities value chain, including oil and gas, mining, timber, power, carbon assets and energy-related infrastructure and services. The firm invests globally, with investments currently in the US, Canada, South America, Europe, Russia/CIS, Asia and Australia, and across all parts of the capital structure and all stages of the corporate and asset lifecycle, from development projects to mature, operating businesses.
Loading...