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Article: United States: Prometheus Energy Secures Financing.
- Article from:
- TendersInfo
- Article date:
- July 10, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: prashant03
Prometheus Energy, a global clean-technology company, announced today it has closed private equity financing from Shell Technology Ventures Fund 1 B.V. ("STVF1"), managed by Kenda Capital B.V. In making this investment, STVF1 has joined Black River Commodity Clean Energy Investment Fund, a fund managed by Black River Asset Management, LLC, an independently managed subsidiary of Cargill.
Prometheus provides proprietary solutions that convert methane from waste or low-quality gas sources to liquid natural gas ("LNG"). The financing was arranged by Cascadia Capital, a national investment banking firm involved in providing financing for ...