May 31, 2012, Vancouver — Ostara Nutrient Recovery Technologies Inc., a
clean water company that recovers phosphorus and nitrogen from
industrial and municipal wastewaters to create premium fertilizers,
announced today the completion of a $14.5 million (US) private equity
financing.
May 31, 2012, Vancouver — Ostara Nutrient Recovery Technologies Inc., a clean water company that recovers phosphorus and nitrogen from industrial and municipal wastewaters to create premium fertilizers, announced today the completion of a $14.5 million (US) private equity financing.
Led by VantagePoint Capital Partners, a global investor in energy innovation and efficiency, the financing also included existing Ostara investor, London-based Frog Capital and a group of new investors, including Waste Resources Fund L.P., a fund managed by FourWinds Capital Management.
Ostara’s Pearl® technology recovers unwanted nutrients such as phosphorus and nitrogen from wastewater and transforms them into an environmentally friendly, slow-release fertilizer, marketed as Crystal Green®.
The company currently has four commercial nutrient recovery facilities in operation in the U.S. and three additional facilities under construction, including its first Canadian facility in Saskatoon, and its first European facility in London.
According to Phillip Abrary, Ostara president and CEO, the company’s focus will now be to expand the application of its proprietary nutrient recovery technology into industrial markets.
“In addition to growing our worldwide municipal customer base,” said Abrary, “these funds will be used to commercialize a significant industrial opportunity that we’ve been developing for the past 24 months.”
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