Ostara Raises US $14.5 Million to Launch Major Expansion
VANCOUVER, May 31, 2012 — Ostara Nutrient Recovery Technologies Inc., a clean water company that recovers phosphorus and nitrogen from industrial and municipal wastewaters to create premium fertilizers, announced today the completion of a US $14.5 million private equity financing.
Led by VantagePoint Capital Partners, a global investor in energy innovation and efficiency, the financing also included existing Ostara investor, London-based Frog Capital and a group of new investors including Waste Resources Fund L.P., a fund managed by FourWinds Capital Management.
Ostara’s Pearl® technology recovers unwanted nutrients such as phosphorus and nitrogen from wastewater and transforms them into an environmentally friendly, slow-release fertilizer, marketed as Crystal Green®. The Company currently has four commercial nutrient recovery facilities in operation in the United States and three additional facilities under construction, including its first Canadian facility in Saskatoon, SK and its first European facility, for Thames Water, in London…
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