Fenwick to guide Greenlane

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

Relevant offers

Industries

Rural confidence rebounds, city sentiment mixed Man dead after being struck by log in Stratford, Taranaki Top liquidator on other side of fence Kidicorp owners give childcare firm to charity Jobs uncertain as struggling trucking firm sold to rival Form plus fans equals good result for franchises Tourism industry travelling well again International arrivals grow 15pc in February Sales up but investment costs weigh on venture Air New Zealand adds extra service to Melbourne for cricket fans

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