Photo by Steve Jurvetson (Flickr) [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons
French waste-to-energy company Valoneo (EPA:MLVAL) has recently started trading on the deregulated market Marche Libre of Euronext Paris.
The company's shares were trading at EUR 11.60 (USD 13) at noon today giving the company a market capitalisation of EUR 14 million.
The listing took place through a direct quotation track last month. The transaction was advised by French corporate finance adviser Atout Capital.
Founded in 2012, Valoneo specialises in the development of turnkey solution of on-site energy recovery of biomass and organic waste. The company has pyrolysis and gasification technologies intended to produce clean renewable gases that are recoverable into heat energy and electricity for decentralised units processing 200 kg/hour to 2 t/hour of waste.
Valoneo has already invested EUR 900,000 to build and test its Pyrowatts device for transforming organic matter, dry or semi-dry, into gas that is both clean and price-competitive with natural gas for application in electricity or heat generation.
The pilot projects is currently being tested at the Grenoble site of French government-funded technological research organisation CEA.
Valoneo has estimated the market potential in France at 4,000 machines of 1t/h (4 MW) but the company will be targeting other markets in Europe as well.