Waste Management (WM) has announced they have invested in Agnion Energy, a company developing gasification technology. WM joins other company investors including Kleiner Perkins, Caufield Byers, Munich Venture Partners, and Wellington Partners. Agnion’s allothermal gasification technology converts solid biomass feedstock into a hydrogen and carbon monoxide synthetic gas (syngas) with high heating value. The syngas can then be converted into liquids, hydrogen and methanol di-methyl-ether and or as a natural gas substitute using combined heat and power applications.
“Waste Management wants to maximize the value of the materials it manages,” said Tim Cesarek, managing director of Organic Growth at Waste Management. “Agnion’s technology complements Waste Management’s advancement of thermo-chemical conversion technology platforms and could enhance our suite of waste processing options.”
According to Agnion, their Heatpipe-Reformer design provides a flexible, small-scale on-site gasification technology solution with a relatively low upfront capital cost. The technology is ideal for schools/universities, warehouses/distribution centers, shopping malls, hotels, and hospitals.
“We view the fact that North America’s largest residential recycler and leading waste and environmental solutions provider has decided to invest in Agnion and our Heatpipe-Reformer technology as a tremendous honor and a vote of confidence,” said Agnion CEO, Dr. Stephan Mey. “Our first commercial biomass gasification plant is currently under construction in the Bavarian town of Grassau and we plan to build other plants in Europe and North America.”