Waste-to-energy biotechnology company Bedminster International has announced that global investment banking firm Goldman Sachs has invested $10 million in the business.
Oyster Capital-owned Bedminster says its technology extracts the biodegradable fraction from waste streams and converts it into a biofuel.
With facilities already in America, Canada, Australia and Japan, the company is now looking to Europe. Last year it announced a strategic partnership with Irish waste management company Greenstar, to develop its facilities in the country. Bedminster says it is currently in negotiations for several “significant” municipal contracts – including two in Ireland.