MetalNRG PLC - London-based investor in natural resources and energy - Agrees remit for AdviCorp PLC to source a GBP20 million to GBP40 million debt facility to be invested on a project-by-project basis in identified, qualified and "shovel ready" waste to energy projects in Europe. The first project is already under construction in Italy. The intent of projects is to deliver revenue within 6 to 18 months of funding. Projects are bracketed either as Tier 1 or that should be revenue-generating by the end of 2022 and require an investment of between GBP2 million to GBP10 million.
MetalNRG already has a partnership with Eqtec PLC to develop a pre-qualified secured pipeline of waste-to-energy and waste-to-fuels projects.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Metalnrg Plc (MNRG)
Eqtec (EQT)