Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Hunter Powell Investments – Cooking With Gas

9 March 2014

Hunter Powell Investments – Cooking With Gas

Hunter Powell Investments, led by Tenby Powell and Sharon Hunter, has taken a cornerstone stake in New Zealand-based international Clean Tech Company, Greenlane Biogas.

While Hunter Powell has successfully co-invested with Private Equity firms on three prior occasions, this is the first time they have gone it alone as a PE investor in their own right.

The multi-million dollar company is a leading developer and supplier of technology for upgrading biogas to renewable biomethane. An environmentally-friendly alternative to fossil fuels, such as petrol or diesel, it can be used in natural gas pipelines to power industrial plants, for domestic cooking, and as fuel for vehicles.

Hunter Powell, who co-invested with Goldman Sachs (NZ) and, later, Australian PE firm Next Capital, bought into Hirepool in 2003 and Tenby Powell became CEO. Powell has taken on the role of Chief Executive Officer in Greenlane Biogas and has brought his former Hirepool colleague Gordon Peel on board as Chief Financial Officer.

“Greenlane Biogas is a terrific Kiwi export business with some impressive intellectual property, all of which is retained here in New Zealand. It’s very exciting to be involved in a Kiwi business operating internationally,” says Powell. “We see enormous opportunities to further grow this business globally, which has always been at the forefront of the sustainable energy movement. It was ‘Clean-Tech’ and ‘Carbon-Neutral’ long before those phrases were even thought of.”

Established more than 20 years ago, Greenlane Biogas operates in New Zealand, France, Germany, United Kingdom, Spain, Sweden, Iceland, Finland, Japan, South Korea, The Netherlands, The United States and Canada. It has more than 100 staff worldwide, many of whom have been with the company since it began.

Powell says new target markets for Greenlane will include Brazil, China and other parts of Asia, while continuing to capture share of the expanding markets in North America and Europe.

Currently, the amount of biogas Greenlane upgrades to biomethane each year is equivalent to 12 months’ fuel consumption for 140,000 cars. And the market is growing rapidly.

Greenlane offers five biogas upgrading systems, each named after a New Zealand native tree such as Kanuka, Matai, Rimu, Totara and Totara Plus – which is planned to be renamed Kauri, reflecting its status as a sustainable giant. In Gustro, Germany, the world’s largest plant for upgrading biogas uses Greenlane Totara Plus technology.

Powell says the patented technology is proven, modular and factory assembled, which results in quick and efficient installation on site. “Greenlane is well down the track in a standardisation project to ensure that upgrading systems have well defined specifications which reduces the need for capital investment and the demand for management and consulting services.”

Greenlane also designs compressors for the oil, gas and power generation sectors, together with a wide range of heat transfer and other industrial equipment which, Powell says, represents a growth opportunity for New Zealand fabricators and manufacturers.

“Greenlane has a very good reputation in the design and manufacture of compressors and heat exchangers, both of which are components of our biogas upgrading systems. With a re-focus on this sector, we anticipate our business increasing with our out-sourced manufacturing partners here in New Zealand which will be an exciting stimulant to local manufacturing.”

What is Biogas?
Biogas, which consists mainly of methane, can be produced when food waste from households, manure or agricultural crops is broken down by micro-organisms in digesters and wastewater treatment plants. Biogas can be used for heating, power generation or upgrading to natural gas quality. To upgrade biogas to natural gas or vehicle fuel quality, contaminants such as carbon dioxide and hydrogen sulphide, need to be separated. Unlike gasoline, diesel, natural gas and many other fuels, upgraded biogas (biomethane) is a renewable energy source.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Maritime: Navigation Safety Review Raises Big Issues For The Govt

Shipping Federation: "The reports makes it clear that the ratification of the Maritime Labour convention (MLC) is long overdue. Only when the MLC is ratified will Maritime NZ be able to inspect and enforce the labour conditions on international ships visiting our ports." More>>

ALSO:

100 Years After Einstein Prediction: Gravitational Waves Found

For the first time, scientists have observed ripples in the fabric of spacetime called gravitational waves, arriving at the earth from a cataclysmic event in the distant universe. This confirms a major prediction of Albert Einstein’s 1915 general theory of relativity and opens an unprecedented new window onto the cosmos. More>>

ALSO:

Farming: Alliance Plans To Start Docking Farmer Payments

Alliance Group, New Zealand's second-largest meat cooperative, plans to start withholding some stock payments to its farmers from next week to bolster its balance sheet and force suppliers to meet their share requirements. More>>

ALSO:

Gambling: SkyCity First Half Profit Rises 30%, Helped By High Rollers

SkyCity anticipates the Auckland business will benefit from government gaming concessions which were triggered on Nov. 11 in recognition of SkyCity’s $470 million Convention Centre development. Morrison said the concessions would allow the Auckland business to lift its activity during peak period, noting it had a record revenue week over the Christmas and New Year period. More>>

ALSO:

Money For Light: Kiwi Scientists Secure Preferential Access To Synchrotron

Science and Innovation Minister Steven Joyce today announced a three-year investment of $2.8 million in the Australian Synchrotron, the largest piece of scientific infrastructure in the Southern Hemisphere, to secure preferential access for Kiwi scientists. More>>

Telco Industry Report: Investment Hits $1.7 Bln A Year

Investment in the telecommunications sector is $1.7 billion a year, proportionately one of the highest levels in the OECD, according to a report released today on the status of the New Zealand sector. More>>

ALSO:

PGPs: New Programme Sets Sights On Strong Wool

A new collaboration between The New Zealand Merino Company (NZM) and the Ministry for Primary Industries (MPI), announced today, aims to deliver premiums for New Zealand's strong wool sector... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news