MOIRA invests €40 M in GreenE, a Spanish company specialising in technology for waste recovery through gasification

GreenE’s proprietary gasification technology enables the recovery of any organic waste by converting it into high-added-value products such as renewable gas, energy, biofuels and methanol. In little over two years, Moira has invested €150 M to finance high-growth projects carried out by innovative Spanish companies.

Moira, an enterprise specialising in investment in innovative Spanish companies, will become a majority shareholder of GreenE, which operates waste recovery plants using proprietary gasification technology. Through this €40-million investment, GreenE aims to finance its business plan, which envisages the construction and commissioning of 100 waste disposal and recovery plants in the next 10 years.

GreenE was founded in Elche in 2011 by a team of chemists led by Juan José Hernández Samaniego. The company has developed a unique technology capable of adding value to any type of organic waste, including municipal solid waste, industrial waste, biomass and sludge. The technology converts this waste into high-added-value products such as renewable gas, energy, biofuels and methanol. GreenE technology is particularly competitive in the treatment of heterogenous waste with high moisture and ash contents, as well as waste with varying calorific values. Other technologies are very inefficient for the recovery of these waste types.

GreenE technology has been comprehensively proven in four pilot plants and the company has an industrial scale plant with a gasification capacity of 500kg/h. The technology has successfully undergone a demanding technical Due Diligence procedure carried out by prestigious international engineering and consultancy company ALTRAN. The technology has also featured in a number of successful public tender bids submitted by Urbaser, FCC and Suez in Spain and Chile.