Saturday, June 23, 2007

Nviro Cleantech to float on AIM

Nviro Cleantech is seeking £12 million on AIM to develop processes for cleaning coal and recycling fibres.

Headed by entrepreneur Chris Every, Nviro boasts two proprietary technologies. Vertus is a clean coal process that the company is developing jointly with a Chinese group, and Micro Release is concerned with recycling medium-density fibres.

Fairfax is broker to the flotation, which should value Nviro at £20 million. Accountant Grant Thornton is nominated adviser.

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