Toxic Soil and Waste Remediation
Jul 23 2008 Read 2561 Times
Ltd. E-Synergy led the £1.7 million investment round which also included £350 and £325k respectively from co-investors Pre-X and Catapult Venture Managers. Following the investment, Envirotreat (UK) has appointed Duncan Martin, former director of hazardous waste at Veolia Environmental Services, as chief executive to lead its next growth stage. Envirotreat is an established company that has successfully developed and commercialised proprietary technologies for the treatment and remediation of contaminated land including more than 60 sites that have been cleaned up for both residential and commercial end-use. TheWestMidlands headquartered company was recently presented with the Rushlight PollutionManagement award in recognition of its superior proprietary E-Clay stabilisation technology which allows the on-site treatment of contaminated land.
The Company plans to use the investment funding for further development, expand the sales and marketing effort, invest in plant for
both on-site soil remediation and landfill pre-treatment, expand the technology base and to invest in international licensing opportunities. Sam Richardson, E-Synergy`s Investment Director of the STF, will join Envirotreat as a director. “Envirotreat has IP protected technology, established revenues and an experienced management teamwith an excellent track record of completing more than 60 contracts,” he said. Envirotreat`s new Chief Executive Duncan Martin said: “I am delighted to have taken up this appointment and excited about the challenge of building on the Envirotreat platform and the E-Clay technology. There is a pressing need for treatment technologies as environmental regulations tighten, and with this latest round of funding Envirotreat is in a strong position to build on its impressive reputation in the market.” Envirotreat`s chairman Richard Saville said, “We are very pleased to have not only completed our refinancing but also to have recruited Duncan Martin to lead the Company forward. I am certain that STF will prove to be very supportive shareholders, encouraging Duncan and his team to more than achieve our growth targets” The funding is the
eighth investment by the STF, a £30 million UK limited partnership fund backed by a mix of institutional and private investors focusing
on investing in UK companies developing clean and efficient industrial processes.
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