Bioenergy DevCo receives USD-106m investment to grow in N America

Photo by Steve Jurvetson (Flickr) [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

US anaerobic digestion (AD) specialist Bioenergy Development Company (BDC) has secured a USD-106-million (EUR 94.7m) institutional investment from Newlight Partners LP.

Based in Howard County, Maryland, BDC develops AD facilities that transform organic waste into renewable natural gas and an organic soil amendment. It plans to use the fresh funds to grow its operational footprint in North America.

"The support from Newlight Partners, allows Bioenergy DevCo to offer a full turnkey solution to cities and corporations challenged by incineration, already crowded landfills and the cost of disposing of organic waste," said Shawn Kreloff, founder and CEO of Bioenergy DevCo.

At present, BDC is working on four projects in the US.

(USD 1.0 = EUR 0.893)

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