Deals in 2006
Inetec
Funding £2.5M
Sector Environmental
Technologies
Funded
by Oxford
Capital Partners,
Finance Wales,
Foursome Investments
ICON has secured £2.5m of expansion capital for Inetec that will allow it (in conjunction with its industrial partners) to deliver first industrial scale deployments of its end-to-end waste-to-renewable-energy technology solutions.
Inetec uses its proprietary technology to convert
industrial food waste into a stable biofuel. This biofuel
can then be converted into gas and combusted in a combined
heat and power plant to produce heat for industry and
renewable electricity for the grid.
Inetec patented technology is the only commercially
available solution able to treat all types of food
waste without the need for pre-treatment, packaging
removal or adjustment of the machine and represents
a cost effective and environmentally responsible solution
to what is becoming an ever increasing problem.
Inetec has already made significant inroads into the £240m UK food manufacturing industry attracting a number of high profile food manufacturers as early customers.
