An interesting deal announced today of a £4m VC investment by Impax Asset Management into New Earth Solutions, which describes itself as "a biological waste treatment and resource recovery company." (You know what they’re getting at.)
New Earth plans to use the investment to build six new waste plants across the UK for its local authority customers.
Couple of observations here: first, waste is one of those classic downturn sectors – solid, reliable (forgive the choice of words) incomes at times when consumer and corporate spending is down. After all, all that stuff has to go somewhere.
Second, New Earth looks as if it’s going places. The business didn’t trade for three years after inception; instead, it’s been developing its fully enclosed waste treatment technology, which limits the emission of odours. New Earth plans to float by the end of 2009.
One to watch.
LinksNew Earth Solutions