Dive Brief:
- A German investment firm believes in waste-to-energy systems and is seeking spots across the world in which to invest in those systems.
- Wermuth Asset Management GmbH is discussing such ventures with three companies in the U.S., Benelux and Scandinavia. Benelux is an economic union of states that includes Belgium, Luxembourg, and the Netherlands.
- Wermuth’s Green Gateway fund is leading this effort to invest in WTE, Casper Heijsteeg, a senior partner for the fund, told Bloomberg. Green Gateway invests in energy and resource efficiency companies at between 5 million and 30 million euros.
Dive Insight:
Wermuth is considering investing in a Benelux company that converts solid waste into gas for industrial uses. It also is considering investing in a Scandinavian company that turns waste wood into construction materials, and a U.S. company that uses manure to create energy.