Waste2Tricity, a structured waste solutions provider, announced that, following the recent share acquisition in W2T’s strategic shareholder, AFC Energy, Ervington Investments, whose ultimate beneficial owner is Roman Abramovich, has acquired a 10% stake in the share capital of Waste2Tricity.
Paul Heagren, a long standing employee of Mr Abramovich, will be joining the company as a Non-Executive Director.
Peter Jones, Chairman of Waste2Tricity, said, “We are delighted to be able to announce the valuable addition of Paul Heagren to the board and the new relationship with Roman Abramovich’s company. We note Ervington’s recent investments in AFC Energy, the low cost alkaline fuel cell company, and Alter NRG, the leading plasma gasification company. Waste2Tricity has a longstanding relationship with both of these companies and their technologies.”
Established in 2009, Waste2Tricity works with clients and partners to develop, fund and support EfW deployment projects that integrate proven plasma gasification and internal combustion engines/gas turbines (ICEs/GTs).