Gneiss Energy is delighted to be named as Standard Gas’ exclusive financial advisor to help assist the business with funding requirements and strategic development.
Standard Gas is the owner of a patented carbon-removing energy-from-waste technology and has recently signed two separate Memoranda of Understandings with different partners to respectively manufacture its first commercial scale SG100 plant and to work on the production of renewable biofuels for the transportation sector.
The SG100 is an advanced technology that converts a wide range of non-recyclable wastes into a clean synthesis gas (syngas) and biochar, which captures and removes carbon from the materials processed. As it does not burn waste, the SG100 process has no problematic emissions.
Andrew Coull, Head of Cleantech & Renewables at Gneiss Energy commented: “Having implemented an in-depth review of Standard Gas’ corporate, financial and technological development, we believe the company 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. Gneiss Energy has a proven track record of assisting energy transition businesses to achieve their growth potential and we are excited to support Standard Gas in the next phase of its development.”
Standard Gas Chief Executive, David Whitmarsh, explains: “Having already raised over £30m to take our Standard Gas technology from a proven demonstration plant to a fully-engineered commercial-scale design, we recognise that, as a sector specialist, Gneiss Energy will provide us with valuable support for the next phase of our growth. Working with Gneiss is also enabling our Standard Gas team to focus on progressing plant manufacturing and continue building relationships with other potential partners and customers.”