Future Biogas eyes raising GBP35 million in July AIM float

(Alliance News) - Clean energy company Future Biogas Group PLC on Friday unveiled plans for a listing on London's AIM junior market, targetting admission in July.

Future Biogas plans to raise GBP35 million in its float. It did not specify an initial public offering price, nor its anticipated market value on admission. It plans to list in "early July".

The Guildford, Surrey based firm is a newly-formed holding company which will buy Future Biogas Ltd, a biogas plant operator.

Cairn Financial Advisers LLP will act as nominated adviser and Tennyson Securities as broker.

"In addition to the biogas plants it operates on behalf of third parties, the Company intends to build on its experience by constructing its own portfolio of new bioenergy plants with carbon capture storage. BECCS plants can capture and permanently remove from the environment the carbon dioxide produced as a by-product of the biomethane production process as well as generate a reliable source of clean energy," Future Biogas added.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.