Thursday, May 12, 2011

Waste Management Invests In Agnion Energy

Houston-based Waste Management has made an investment in a German developer of waste-to-energy technology, Agnion Energy, the firm said this morning. Size of the investment was not disclosed. Waste Management said it joined Kleiner Perkins Caufield Byers, Munich Venture Partners and Wellington Partners in investing in Agnion's allothermal gasification technology. Agnion's technology converts biomass into synthetic gas (syngas), which can be used for heating and power, as a substitute for natural gas, or converted into other compounds. More information »