Financial close reached for Ensartech-NL1

Sint-Oedenrode/Delfzijl, The Netherlands: 25 January 2011 - Ensartech, a pioneer in waste conversion technology, announced today that financial close has been reached for Ensartech-NL1 - the first plant of Ensartech. It is the start of the rollout of its breakthrough waste smelting technology that enables an unprecedented conversion of waste into energy and clean materials.

Construction of Ensartech-NL1 is scheduled to start in January 2011 and will take an estimated 16 months to complete. The project is creating more than 15 jobs for many years for operation and maintenance of the plant. Groningen Seaports has issued 1.2 hectares of land at Valgenweg in Farmsum (Delfzijl), The Netherlands.

The primary investments includes include debt financing via ABN AMRO and equity financing from Dutch Technology Fund I and Capricorn Cleantech Fund.

More info on Ensartech's website or on the press release.