Fenwick to guide Greenlane

FIONA ROTHERHAM
Last updated 05:00 13/04/2014
GREENIE: Rob Fenwick
GREENIE: Rob Fenwick

Relevant offers

Industries

Chart of the day: How much have Aucklanders' electricity bills risen? Insurers hit with 2500 Cyclone Debbie claims, brace for more Chinese company Binxi withdraws takeover offer for Southland's Blue Sky Meats Queenstown plans for new Holiday Inn Express unveiled Xero finds machine-learning from the cloud will be trickier than expected Australian mining boss Gina Rinehart turns to netballers to cut costs at Roy Hill mine Xero passes million-customer milestone Another New Zealand Post and Kiwibank closes its doors Chart of the day: How many Kiwis are jetting overseas from Auckland Airport? Kiwis for kiwi reap sweet rewards from Whittaker's partnership

Veteran greenie Rob Fenwick will chair the board of and invest in clean tech company Greenlane Biogas.

The Kiwi exporter of biogas technology had an injection of funds late last year from well-known local investors Tenby Powell and Sharon Hunter who plan to reclaim its position as a world leading supplier of biogas equipment. Greenlane's former parent, the Flotech Group, went into receivership in 2012 but continued to trade after being bought out by some of the original shareholders.

Fenwick said his stake would be under 5 per cent in the company, which he had a "good feeling" about. "It's on the right side of history. There are a number of international developments that are happening that point to it having strong growth in the next two to three years."

Biogas comes from the breakdown of material such as manure, industrial and household waste. Greenlane's equipment turns these gases into biomethane fuel. It has built about 70 plants globally, including the world's largest in Montreal, Canada.

Fenwick said there was a growing recognition big cities had to clean up their organic waste streams and a thirst for renewable energy sources of which biogas was predominant.

Fenwick and his partners established Living Earth, which makes compost by diverting organic waste from landfills, 20 years ago. It is now the largest business of its kind here. He's also chaired Antarctica NZ since 2007.

Ad Feedback

- Sunday Star Times

Special offers

Featured Promotions

Sponsored Content