In Oregon, InEnTec converted itself from an LLC to a corporation under the laws of the State of Delaware, and has filed a Form D with the SEC disclosing a $20 million capital raise, with a goal of $69 million.
Karl A. Schoene, InEnTec President and CEO, stated that this was done to fuel fund new commercial projects. InEnTec has a proprietary gasification system that transforms waste streams from municipal, commercial, medical, and most industrial and hazardous wastes into syngas that can be used to produce electric energy, ethanol, methanol and hydrogen.
More background on the story from the Digest
Category: Producer News