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Iona Capital Ltd
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Iona Cpiatal
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Iona Capital - "Environmentally Focussed Investment"

Iona Capital provides equity and subordinated debt into waste projects which have a renewable element. This may include the production of methane gas for conversion into electricity or heat and the recovery of recyclable materials. We develop strategic partnerships and use sector-specific expertise and financial skills to achieve profitable growth for our investors who range from individuals to large local authority pension funds.

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Iona Capital Ltd

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Iona Capital, the environmentally focussed investor, has today announced the successful completion of an investment into JFS Home Farm Biogas Ltd and JFS Westhome Farm Biogas Ltd, both joint venture companies with developer JFS & Associates Limited. Iona has already financed two farm scale AD plants with JFS last year and is providing further funding for the development of JFS’ pipeline of  AD projects.
 
Working closely with UTS Biogas and Surgo, JFS will act as a development partner and construct a new 200kW AD plant at Home Farm, Newby Wiske, Northallerton, North Yorks  and another 500kW AD plant at Westholme Farm, Dalton, Thirsk, North Yorkshire. Both facilities will become operational in the autumn of 2014.The farms will provide the required feedstock (manure, slurry, maize) to the AD plant to enable generation and sale of renewable electricity to the National Grid thus benefiting from Feed in Tariff Scheme.
 
Mike Dunn, Director, Iona Capital said: “In the 2 years since founding Iona, we have financed 7 AD plants with 3 of those already operational and the others becoming fully operational in 2014. We have a growing pipeline of potential projects and look forward to deploying further funds into the biogas sector throughout 2014. Iona has established close working relationships with project developers such as JFS which has enabled both the timely and efficient deployment of capital. As an institutional fund manager, we see  great potential for the development of  the AD market in the UK  – there are only 109 plants in the UK compared with 7,000 in Germany."
 
Matthew Flint, Director JFS & Associates said: “We have closed 4 projects now in collaboration with Iona and are pleased to see our pipeline coming online. We believe our business model of delivering self-sufficient AD plants to the agricultural sector and stimulating the rural economy is attractive for both institutional investors and farmers. Iona Capital have demonstrated their continued support of both JFS and the farm scale Biogas sector, thus making them a valuable partner.”
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Iona Capital finances first farm scale AD plant in Cumbria

Iona Capital, the environmentally focussed investor, has today announced the successful investment into Stanley Renewable Energy Limited a joint venture company with developer JFS & Associates Limited and a family run Farm in Cumbria. As an experienced investor in larger Anaerobic Digestion (AD) transactions, this is Iona’s first investment in the smaller scale farm based AD market.
JFS & Associates will act as a development partner and construct a new 250kW AD plant at Ponsonby Old Hall Farm in Cumbria. The farm will supply the feedstock from existing farm wastes such as manure and slurry, supplemented with energy crops. Stanley Renewable Energy will generate renewable electricity from the anaerobic digestion process, receiving income under the Feed in Tariff Scheme, with the electricity being used on the farm or sold to the National Grid.  The farm will have the benefit of free heat from the plant and the use of the digestate bi-product on the land as a bio-fertilizer.
This facility will not only provide an elegant solution for processing organic waste and generating renewable energy for distribution into the local network, but it will also reduce greenhouse gas emissions associated with spreading farm waste on land. This will therefore contribute to the Government’s commitment to deliver “zero waste” by 2020 and increase renewable energy generation. This is the first of a number of schemes that are to be developed and funded in this manner by Iona and JFS, with two further farm scale projects in North Yorkshire planned for construction in early 2013.
Mike Dunn, Director, Iona Capital said: “We believe that Anaerobic Digestion technology provides an excellent opportunity for farmers to benefit from new streams of income through the clean production of electricity and reduction of costs on farm. Iona Capital is entering a new small scale AD market and is providing financial stimulation for growth and development of Anaerobic Digestion in the UK.”
Matthew Flint, Director, JFS & Associates Ltd. said “We see this scheme as a fantastic way for farmers to benefit from the drive towards more renewable energy sources. It’s also a real partnership where both sides benefit from the others’ resources and expertise.  Our strategy is to dovetail into the farms existing business, with JFS taking care of the project delivery, allowing the farmer to continue to do what he does best.”

http://www.ionacapital.co.uk/news_more.asp?news_id=24
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Iona Capital Ltd

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 Iona Capital funds recycled plastics manufacturer
Iona Capital, the environmentally focussed investor, has announced today that it has completed an investment in R3 products Ltd.  The company manufactures recycled products principally for use in the engineering and construction markets. The use of recycled materials such as plastics diverts waste away from landfill.
R3 Products use three proven moulding techniques to manufacture substitutes for concrete and plywood, using unwanted mixed waste plastic as the raw material. Significant commercial benefits can be offered to customers through demonstrable installation and whole-life cost savings, whilst providing additional environmental benefits such as fewer plastics sent to landfill, lower CO2 emissions and full recyclability at the end of the product’s life, thus providing a more sustainable alternative to landfill and incinerated waste.
R3 Products Ltd was launched 12 months ago in Sheffield and was the largest start-up manufacturing company in the UK in 2011. The company commenced operations in March 2012, with the manufacture of two patented products – R-Pave, a SUDS compliant permeable paving system, and Ezikerb®,  a revolutionary two –part kerb, which has received a lot of attention from the building and construction industry. The company has invested in a number of proven polymer processing technologies and demonstrated its key competitive advantage – technical knowledge and experience, to process mixed plastics waste. R3 Products plan to use 5,000 tonnes of mixed waste plastic during the next 12 months and expects to double this volume in the following year.
Mike Dunn, Director of Iona Capital, has said: “We are pleased to be able to support this innovative process and work alongside a highly committed and experienced management team.  This investment is one of a series we are making in the waste renewable sector that is aligned with Government Environmental Policy drivers”.
Reviewing the benefits of their innovative technology, Kevin Parkin, non-executive Chairman of R3, said: “R3 can call upon three moulding processes, unlike other recycled waste manufacturers, which gives us a great flexibility in selecting the best fit technique for the specified product. We ensure that we choose the most cost and technically efficient process for each product, thus developing a solution which matches our customers’ requirements perfectly.”
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Anaerobic Digestion Process Diagram
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Iona Capital Ltd

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Iona Capital finances farm scale Anaerobic Digestion (AD) plant with developer JFS

Iona Capital, the environmentally focussed investor, has today announced the successful completion of an investment into JFS Howla Hay Biogas Limited a joint venture company with developer JFS & Associates Limited and a family run Farm in North Yorkshire. As an experienced investor in larger Anaerobic Digestion (AD) transactions, Iona is providing funding for the development of JFS’ pipeline of 20 agricultural AD projects.
JFS & Associates will act as a development partner and construct a new 250kW AD plant at Howla Hay Farm, Guisborough, North Yorkshire with a planned operational date of January 2014. The farm will provide the required feedstock (manure, slurry, energy crops) to the AD plant to enable generation and sale of renewable electricity to the National Grid thus benefiting from Feed in Tariff Scheme. The UK Government places high priority on the development of the bioenergy industry and the UK target of “zero waste” by 2020.  The plant will also take advantage of by-products such as fertilizer and heat. 
Mike Dunn, Director, Iona Capital said: “This investment is the second of a series of similar investments we have planned with JFS associates.  These investments serve to demonstrate our on-going commitment to the AD market which now includes both agricultural and food waste AD facilities"
Matthew Flint, Director JFS & Associates said: “The team at JFS are grateful for the continued support of Iona Capital. JFS have developed the site at Howla Hay from a concept to a fully consented ‘shovel ready’ site, taking on all of the development risk and costs.  Iona then provides the critical investment to fund the construction of an operational plant."
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Iona Capital, the environmentally focussed investor, has today announced the successful completion of the £7m investment in Biogen Waen Ltd, a joint venture company with Biogen, the UK’s leading Anaerobic Digestion (“AD”) company. The awarded contract is for 15 years and has a secured waste stream provided by the Consortium of Denbighshire County Council, Conwy County Borough Council and Flintshire County Council.
This is Iona’s second investment in the development of Welsh AD infrastructure under the Welsh Government's sponsored organic waste program.
Biogen will  construct and operate a new 22,500 tonnes per annum AD plant at  Waen, St Asaph, Denbighshire to process the food waste supplied by the Councils from local households and businesses together with additional third party food waste.
The key elements of the contract are:
the contract will be between the Councils and Biogen Waen
the term is 15 years with an option to extend for a further 5 years
it guarantees a supply of food waste to the facility at a fixed price
it takes advantage of Government renewable incentive scheme
The AD plant will process food waste to generate 1MWe of renewable energy for the national grid, and produce a biofertiliser for local farmlands.  This plant will provide sufficient power for 1,500 homes continually for a year.
This type of technology is a recognised solution to the UK Government's stated objectives in complying with both EU landfill targets and de-carbonising the UK electricity market and the electricity generated will benefit from premium selling prices through the Feed-in Tariff scheme.  
Nick Ross, Director, Iona Capital said: “This is a second project we have completed in Wales and we are delighted to have worked successfully again in partnership with Biogen and the Welsh Government.  These projects are the first local authority backed schemes focussed on Anaerobic Digestion and we are pleased to have been able to support such an innovative regional infrastructure program.”

Please visit http://www.ionacapital.co.uk/news_more.asp?news_id=20
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Iona Capital completes investment in first local authority Anaerobic Digestion plant in Wales
Iona Capital, the waste-to-energy investment specialist, has announced today that it has completed an investment of £6 million in Biogen GwyriAD Ltd, which is a joint venture company with BiogenGreenfinch, a leading anaerobic digestion operator and developer in the UK.

The investment follows the successful award of a 15 year food waste contract by Gwynedd Council and is the first investment under the Welsh Government's sponsored organic waste program.

BiogenGreenfinch  will  construct and operate a new 11,000 tonnes per annum Anaerobic Digestion ("AD") plant at  Llwyn Isaf,  Gwynned,  to process the food waste supplied by the Council from local households and businesses together with additional third party food waste.

The contract between the Welsh Council and Biogen GwyriAD is for a minimum 15 year term, with an option to extend for a further 5 years.  The contract is key to the deal as the supply of food waste to the facility is agreed and set at a fixed price over the duration of the contract.

The facility will be an AD plant processing food wastes to produce electricity and a digestate product for use as a fertiliser in agricultural applications. It will generate and export 3500MWh of electricity to the national grid each year. This is enough renewable energy to power approximately 700 households a year.  This technology is a recognised solution to the UK Government's stated objectives in complying with both EU targets of reducing landfill and de-carbonising the UK electricity market.  The electricity generated will benefit from premium selling prices through the Feed-in Tariff scheme.

Michael Dunn, Director, Iona Capital said: "We are delighted to take part in the Welsh Government's commitment to "zero waste to landfill by 2020" strategy. This is an important step in developing AD infrastructure not only across Wales, but also the entire UK. We are hoping that this project will set an example to other local authorities as a perfect combination of attractive returns and preservation of the environment."
 
For more information on Gwyriad project, please visit Gwynedd Council website
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