Ennovor secures funding from leading specialist commodity financing group
London (ots)
As part of its supply chain expansion programme, Ennovor has secured a revolving working capital facility with one of Europe's leading commodity financing specialists. The facility will provide funding to source and secure waste derived feedstock to cover Ennovor's biodiesel production at its 50,000MT/per annum plant near Liverpool.
Abbas Jafarian, Board Member of Ennovor and COO of Black Pearl Capital said "We are delighted at the agreement, which will enable Ennovor to meet its full production capabilities at Bromborough"
David Frohnsdorff, Managing Director of Ennovor added "This facility will enable us to develop a strong and sustainable supply chain, ensuring full compliance with the EU RED, as well as the ability to cultivate our international relationships with feedstock providers"
Ennovor's aggregated supply chain is expanding rapidly, with investment already made into the UK, China, Malaysia, with more planned across the EMEA and Indonesia.
About Ennovor Group
Ennovor Group is a sustainable fuels company and is part of the Black Pearl Capital Group. Our existing portfolio includes a vertically integrated biofuels company, which has full control of its supply chain through to its biodiesel production. Established in 2010, we are rapidly becoming one of Europe's leading biofuels producers. Our current production capacity exceeds 100,000MT annually, making us one of the largest biofuel processors in the UK. Our target is to become one of the largest second generation biodiesel producers globally, and we are committed to increasing our global capacity to 400,000MT by mid-2015. Find out more at www.ennovorgroup.com
About Black Pearl Capital
Partners Black Pearl Capital Partners is a private equity fund created and managed by Black Pearl Capital (BPC). BPC is an asset management firm registered in the Cayman Islands, with headquarters in Switzerland and offices throughout Europe and the Middle East. For more information, visit www.blackpearlcap.com
Contact:
Roshni Durve, Director
12-14 Wilfred Street
London, SW1E 6PL
United Kingdom
Office: +44 (0) 207 828 0880
Fax: +44 (0) 207 183 9038
rd@ennovorgroup.com