Launch of WasteFuel Agriculture

RNS Number : 7943B

i(x) Net Zero PLC

16 February 2022

 

i(x) Net Zero PLC

(the "Company" or "i(x) Net Zero")

Portfolio Company WasteFuel: Strategic Development

i(x) Net Zero PLC (AIM: IX.), the investing company which focuses on Energy Transition and Sustainability in the Built Environment, welcomes WasteFuel Agriculture, a newly launched solution created by the Company's portfolio company, WasteFuel.

Using proven technologies, WasteFuel Agriculture will convert farm waste into low-carbon fuels, such as renewable natural gas and bio-methanol, which can be used in land and marine transport. Compared to conventional fuels, WasteFuel aims for its fuels to cut greenhouse gas emissions by up to 90%. In addition to producing low-carbon fuel, WasteFuel Agriculture gives farms the ability to sell biogenic farm waste that would otherwise decompose and release methane and carbon dioxide.

Steve Oyer, Chief Executive Officer of the Company, said: "We are proud of the team at WasteFuel Agriculture for creating this win-win business model that provides farms with a sustainable and profitable way to manage their waste and create a new source of low-carbon fuel. The world's most pressing issues are significant investment opportunities that can provide institutional-quality returns and it's companies like WasteFuel, which employ ingenuity and creativity, that are at the forefront."

Trevor Neilson, Co-founder, Chairman and CEO of WasteFuel, added: "With the agriculture sector responsible for 11% of manmade annual emissions of greenhouse gas emissions ("GHG")[1] and about 35% of methane emissions, mostly from livestock, it was apparent to us that an impactful solution would address these major sources of GHG and how to manage it. With WasteFuel Agriculture, we have achieved just that."

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For further information visit https://ixnetzero.com/ or contact:

i(x) Net Zero	Via Buchanan below
Steve Oyer - Chief Executive Officer
Pär Lindström - Chief Investment Officer
Marc Chennault - Chief Financial Officer
H & P Advisory Limited Financial Adviser, Joint Bookrunner & Joint Broker	[phone]
Neil Passmore
Ernest Bell
Andy Crispin (Sales)
Shore Capital Nominated Adviser, Joint Bookrunner & Joint Broker	[phone]
Tom Griffiths
David Coaten Iain Sexton
Buchanan
Helen Tarbet	[phone]
Simon Compton	[phone]
Ariadna Peretz	[phone]

For more information on WasteFuel, please visit https://www.WasteFuel.com or email [e-mail].

Notes to Editors

About i(x) Net Zero PLC

Notes to Editors

i(x) Net Zero PLC is an investing company that provide its shareholders the opportunity to create long-term capital growth with positive, scalable, measurable and sustainable impact on the environment and on the communities it serves.

In accordance with its belief that the world's biggest problems are also the biggest market opportunities, i(x) Net Zero focuses on two critical areas in which it aims to make a positive impact: (i) Energy Transition and (ii) Sustainability in the Built Environment. The Company uses a multi-strategy investment approach, providing the companies in which it invests with the expertise and catalytic capital to help them grow. To date, i(x) Net Zero has invested in biofuels, direct air capture (carbon removal), renewable energy, sustainable workforce housing and net zero construction technology.

i(x) Net Zero is a provisional signatory to the UN Principles for Responsible Investing. The Company has received the London Stock Exchange's Green Economy Mark.

About WasteFuel

WasteFuel produces renewable fuels using proven technologies to address the climate emergency and revolutionize mobility. WasteFuel converts municipal (trash) and agricultural waste into low-carbon fuels, renewable natural gas, and green methanol.

 

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[1] https://www.c2es.org/content/international-emissions/

 

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