Standard Gas appoints Morgan Stanley as Financial Advisor and Placement Agent
Standard Gas appoints Morgan Stanley as Financial Advisor and Placement Agent
As Standard Gas Technologies Ltd moves closer to the commercialisation of its carbon-removing energy-from-waste technology, the Company has appointed Morgan Stanley & Co. International plc as exclusive financial advisor in securing the capital required to support the Company’s rollout plans.
Commenting on the appointment, Standard Gas chairman, Ed Falkman, says: “As we prepare for our future capital raise to fund the commercial rollout of our technology, having an advisor with the stature, global reach and specialist knowledge of Morgan Stanley will be key to funding our future growth.”
Construction of Standard Gas’ first SG100 plant is almost complete. After a period of full testing, commercial operations are expected to commence in early 2024.
Standard Gas chairman, Ed Falkman
TRANSITION TO NET ZERO WITH OUR CARBON-REMOVING TECHNOLOGY
Carbon Negative Energy: Each year, a single SG100 plant can generate up to 40,000 MW hours of carbon-negative power, enough for around 10,000 homes, offices or commercial properties, as well as for the transportation sector and wider industry.
Carbon Reduction: It will remove up to 16,000 tonnes of CO2e – equivalent to the annual carbon emissions of 5,000 cars. With electrolysis, a plant processing biogenic waste will generate over 650 tonnes of green hydrogen. And the SG100 closes the waste management loop, offering a better low carbon alternative to landfill and incineration.
Carbon Capture: TheSG100 technology also generates ‘biochar’ and ‘carbon char’, a black, granular, dust-like co- product that can be sequestered in valuable agricultural, environmental, and industrial applications.