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Andion Global Secures $270 Million To Expand Operations And Deployment Of Waste Processing Plants To Upcycle Organic Waste And Create Renewable Energy

Feb 22, 2022•over 3 years ago

Amount Raised

$270 Million

Vancouver

Description

ANDION Global Inc. (“Andion”), a global leader in delivering proven and comprehensive waste-to-energy solutions, announced today the company has secured a $20 Million multi-partner financing from three investment partners: a private fund managed by Spring Lane Capital, a private equity firm focused on providing catalytic project capital for sustainability solutions in the energy, food, water, waste and transportation industries; Equitix Infrastructure Investments Limited (“Equitix”); and Business Development Bank of Canada (“BDC”). This new capital will be used initially to expand Andion’s operations and to acquire equity stakes in existing projects, and to accelerate the development of Andion’s projects located in North America, Italy and the Nordics.

Company Information

Company

Andion Global

Location

Vancouver, Washington, United States

About

Andion Global Inc. specializes in the development, deployment and operation of renewable energy facilities. The company is based in Vancouver B.C., with operations in Milan and Stockholm. Andion has a portfolio of technologies and proven processes for converting complex and variable organic wastes to renewable energy, having successfully delivered more than 50 complete anaerobic digestion facilities as well as over 130 complex wastewater treatment plants. With more than two decades of expertise and a portfolio of patents pertaining to the processing of organic waste, Andion’s integrated solutions cover every aspect of the waste-to-energy and wastewater treatment value chain.

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