Nexterra raises C$3.8M for biomass gasification
Nexterra, a Vancouver, B.C.-based developer of low cost gasification systems, has wrapped up a C$3.8 million ($3.6 million) fourth round of funding, courtesy of Calgary, Alberta-based investor ARC Financial Corp. This raises ARC’s total investment in Nexterra to well over $19 million.
The company’s gasification technology takes wood chips and other biomass waste products and converts them into clean-burning syngas (short for “synthetic gas”), which can be used to produce electricity and useable heat. The syngas… Continue Reading