Daily News: May 21, 2014

US Capital Advises BioEnergy Financing

US Capital has been engaged by Midwest BioEnergy as its strategic advisor in the raising of debt and equity project financing of up to $100 million.

The financing will include an initial $10 million in corporate financing and up to $20 million in debt and equity financing for a new bio-gas-to-ammonia plant in Monmouth, IL, to be developed by the company’s subsidiary Midwest Ammonia.

“We are extremely pleased to be taking a strategic investment banking role in this important new clean-tech project, which will reduce carbon emissions and create about 160 jobs in the local community,” said Jeffrey Sweeney, CEO and managing director at US Capital. “We look forward to applying our strong focus on strategic, innovative solutions and on speed and excellence of execution to provide best-in-class project financing for Midwest.”

Midwest Ammonia is a waste-to-value company developing a new plant for turning wastewater treatment gases regulated by federal watchdogs into anhydrous ammonia for use as fertilizer.