Soconag Environmental Experts Inc. have announced that it has received $4.5 million in financing from Brookfield Technology Fund (BTF), a specialist investment fund established by Brookfield Asset Management (formerly Brascan Asset Management) to invest in early stage, technology based companies with high growth potential.
Soconag and its SmartSoil Energy subsidiary, which transform “problem biomass” into clean gaseous fuel, primarily through landfill-gas-to-energy initiatives, will use the funding as working capital to expand their capacity to deliver patented biomass-to-energy technology solutions to their growing customer base in Canada, Mexico and Brazil.
Commented Marc-Antoine Pelletier, President and CEO of Soconag and SmartSoil Energy, “This new financing from the Brookfield Technology Fund, represents a significant vote of confidence in our expertise and strategic direction. We are excited by the opportunity to partner with BTF to triple our current project pipeline in the next five years from our current 20 megawatts of clean energy production and to contribute in a meaningful way to the production of clean energy and the reduction in greenhouse emissions.”
Soconag Environmental Experts, Inc. creates strategic and financial partnerships for the development and delivery of clean renewable biofuel technologies, such as with its SmartSoil Energy Inc. subsidiary with the commercial offering of its SmartSoil Biogas System and the BioFuelCell.
SmartSoil Energy Inc. is a leading provider of clean energy technology, developed by its parent company Soconag, in the worldwide campaign towards climate protection. SmartSoil does so by providing innovative solutions for transforming “problem biomass” into clean gaseous fuel, primarily through landfill-gas-to-energy initiatives. Its patented and certified technology provides unprecedented monitoring and control capabilities.
For more information, visit www.smartsoil.com or contact SmartSoil Energy Inc.’s Annie Boulanger, sales and marketing manager, at 514-846-0088 ext. 33