Vancouver — Ostara Nutrient Recovery Technologies Inc., a clean water company that recovers phosphorus and nitrogen from industrial and municipal wastewaters to create fertilizers, on May 31 announced the completion of a US$14.5 million private equity financing. Led by VantagePoint Capital Partners, a global investor in energy innovation and efficiency, the financing also included existing Ostara investor and London-based Frog Capital, and a group of new investors including Waste Resources Fund L.P., a fund managed by FourWinds Capital Management. Ostara’s Pearl® technology recovers unwanted nutrients such as phosphorus and nitrogen from wastewater and transforms them into an environmentally friendly, slow-release fertilizer, marketed as Crystal Green®. Ostara currently has four commercial nutrient recovery facilities in operation in the U.S. and three additional facilities under construction, including its first Canadian facility in Saskatoon, Sask., and its first European facility, for Thames Water, in London. Ostara says the new funds will be used to commercialize a significant industrial opportunity that it has been developing for the past 24 months.
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