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Goldman Sachs invests £10 million in Bedminster

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.

Goldman Sachs managing director Pierre-Henri Flamand said: “As interest in identifying effective solutions to environmental issues increases, we are delighted to be an investor in Bedminster International and to support its global initiatives. We anticipate significant growth in this sector and look forward to Bedminster being at the forefront of this development.”

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