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Cleanbay Renewables Secures Investment From Avg Group Sarl

Dec 07, 2021•over 3 years ago
AnnapolisSustainability

Description

CleanBay Renewables Inc. (CleanBay) today announced it has secured investment from AVG Group Sarl (AVG), a Luxembourg based asset manager with a focus on energy transition technology and green alternatives to fossil fuels. AVG’s investment will help fund CleanBay’s development portfolio of bioconversion facilities across the U.S., recycling poultry litter and repurposing it into natural, controlled-release fertilizer and renewable natural gas (RNG). The capital will also allow CleanBay to explore additional capabilities for its facilities, including green hydrogen and green LNG production, EV charging infrastructure, and carbon capture in the United States, Europe, and Asia.

Company Information

Company

Clean Bay Renewables

Location

Annapolis, Maryland, United States

About

CleanBay is an enviro-tech company founded in 2013 and focused on the sustainable management of waste through anaerobic digestion and nutrient recovery technologies which produce renewable natural gas and natural, controlled-release fertilizer. The Company’s first bioconversion facility will be located in Maryland, and the company is actively developing sites for future facilities on the Delmarva Peninsula, the Southeast, and California. CleanBay’s powerful solution to reduce air, soil, and water pollution is sustained by a robust economic model that provides businesses with an opportunity to offset their CO2 emissions, local farmers with an alternative use for their poultry litter, and a controlled-release fertilizer to increase food production and support healthy soils. For more information, visit https://cleanbayrenewables.com.

FundzWatch™ Score

60
Medium Activity

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