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Bedminster International,
the waste-to-energy biotechnology company,
today announced an equity investment in the
business of $10 million.
The patented Bedminster
technology uses a biological process to
convert organic material to a high quality
fossil fuel substitute for use in the
production of renewable energy. The bulk of
typical municipal waste throughout the world
is biodegradable and the Bedminster
technology extracts the biodegradable
fraction from waste streams and converts in
into biofuel.
The Bedminster technology
offers a viable and proven scalable solution
to the landfill issue in the treatment of
waste. Stringent EU legislation now requires
biodegradable waste to be diverted from
landfill, making it a major environmental
issue for municipalities across Europe.
Bedminster International
is owned by Oyster Capital, a diversified
investment company whose chairman and
majority shareholder is Mr. Bill McCabe.
Today Mr. McCabe said
that the investment will facilitate the
further expansion of Bedminster
International's interests globally. There are
already a number of successful Bedminster
facilities worldwide.
"Bedminster
International offers a unique solution to
two
ever-increasing global issues - waste
treatment and energy generation. Our
technology is an environmentally-friendly
solution to the waste problem and, in
addition, an opportunity to produce
fossil-free renewable energy" Mr. McCabe
said.
He added that Bedminster
is currently in negotiations for a number of
significant municipal contracts both in
Europe, including two in Ireland, and North
America.
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