Posted on: January 24, 2022

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Gneiss Energy Limited (Gneiss Energy) acted as exclusive financial adviser to Standard Gas Technologies Ltd (Standard Gas) on a placing of shares to raise £17.6m for development and commercialisation of its carbon-removing energy-from-waste technology. The placing sees investment from new venture capital and family office investors, as well as existing investors following their money.

Standard Gas is the owner of a patented advanced technology that converts a wide range of non-recyclable waste into a clean synthesis gas (syngas) and biochar, which captures and removes carbon from the materials processed making the entire process and the products it produces carbon negative. As it does not burn waste, the Standard Gas process has no problematic emissions. The system occupies a small footprint and can be deployed in a modular manner, making it rapidly scalable for a range of end-use applications.

This investment will allow Standard Gas to manufacture its first commercial scale facility, the SG100. Funds will be made available over several months. Manufacturing will progress throughout the year culminating in factory acceptance testing. Standard Gas has existing joint venture agreements in the German and Welsh markets and is in advanced discussions with large global enterprises interested in deploying the SG100 following acceptance testing. This fundraise is expected to allow the Company to begin monetising these agreements.

David Whitmarsh, Chief Executive Officer at Standard Gas commented:  “We are delighted to complete this round of investment, and for the invaluable support we received from Andrew Coull and the team at Gneiss. Working with them was critical in refining our message to the investors and to the success of the raise. We can now turn our focus onto the full-scale commercial manufacture and licensing of our SG100 technology.”

Andrew Coull, Head of Cleantech & Renewables at Gneiss Energy commented: “Standard Gas has developed a transformational technology that will make a significant, long-term contribution in the move to Net Zero and helping solve waste management challenges on a local and global basis. This opportunity found interest in a wide range of investor groups, particularly when presented by David, Chairman Ed Falkman and Technical Director Laurence Sharrock, given their vision and technical expertise. We look forward to continuing to work with the Standard Gas team in this exciting next phase.”

 

For more details, contact:

PC @ Standard Gas – www.standardgas.com

Andrew Coull @ Gneiss Energy – www.gneissenergy.com

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