RCS - i(x) Net Zero PLC - Launch of WasteFuel Agriculture

I (X) Net ZeroAnnouncement

16/02/2022 07:00

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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."

 

- Ends -

 

 

For further information visit https://ixnetzero.com/ (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                                   +44 20 7907 8500

 Financial Adviser, Joint Bookrunner & Joint Broker
 Neil Passmore
 Ernest Bell
 Andy Crispin (Sales)

 Shore Capital                                            +44 20 7408 4050

 Nominated Adviser, Joint Bookrunner & Joint Broker
 Tom Griffiths
 David Coaten

 Iain Sexton

 Buchanan
 Helen Tarbet                                             +44 7872 604 453
 Simon Compton                                            +44 7979 497 324
 Ariadna Peretz                                           +44 7488 495 969

 

 

For more information on WasteFuel, please visit https://www.WasteFuel.com
(https://www.WasteFuel.com) or email press@WasteFuel.com.

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.

 

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

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