Dear All,
Here are the updates for this month:
ENG8 International Ltd
ENG8 has accepted the offer from an investment fund and a press release will be issued after final completion.
ENG8 will be writing to all its shareholders in the next 5 days to fully update them.
ENG8 is now fully closed for new investment while this transaction completes.
GreenMine
Development for GreenMine (which is the trading name for Pyrolysise Ltd) started in 2017 and has involved the founder, John Bell investing circa £1.5M of his own money.
This has led to the co-development of two technologies: which can process unsorted waste, emissions free and generate valuable offtakes.
Some of these offtakes can be utilised to generate electricity, which means circa 35,000 MWh’s PA of decentralised energy generation per site. Other offtakes will be sold to agriculture and industry.
GreenMine has been picked up in the industry press a fair bit of late. Here are a small selection of articles on them:
Green Mine has been playing second fiddle to ENG8, as ENG8 moves into the stratosphere, but with circa 1500 small scale sites within existing industrial parks possible, in the UK alone, for waste processing and en-gen, plus the possibility of further development of the technology to “Green Mine” landfill solutions, opportunities abound
Ironically, I am probably going to have to do battle with environmentalists (again), as I had to on the 1500 MW Hydroelectric plant we were involved with back in 2011-15, where we diverted a river through a mountain in the Amazon. However, with Green Mine, once we get the first one up and running later this year, it should be plain sailing.
Ultimately, GreenMine provides, what we believe is currently the most environmental mechanism to process waste, which was the original objective and what the environmental revolution is all about.
You can find additional details here.
350 PPM Ltd
350 PPM is preparing to list on JP Jenkins: The Liquidity Venture for Unlisted Companies
This should please many of our investors, that in the darkest days of COVID were particularly keen for an exit. During this period, our revenues shrank from £790,000 a year to November 2019 down to £25,000 a year to November 2021, so their timing was not really ideal. We have since recovered and made profits of circa £700,000 for the year to November 2022.
We have also added to our team, providing all the services any future Unicorn’s / Zebra’s (yes, it’s a thing) founders, either aren’t good at or don’t want to do.
The 350 PPM model is working. Here’s the existing SWOT Team, which can parachute into client businesses and make things happen.
Kind Regards
Nicholas Dimmock (BA MBA CASS)
Managing Director
350 PPM Ltd
| ABOUT 350 PPM LTD 350 PPM LTD is an incubator and accelerator for early-stage companies operating in the clean energy and environmental protection sectors. Working from within our clients companies we deliver a wide range of services to support and drive their business growth. Our team of 7 becomes part of their team, aligning our objectives to ensure can provide maximum guidance and expertise to achieve their business goals. Our services Securing funding from a wide range of investors at key stages; this will include angel investors, family offices, venture capital funds, and institutional investors. Providing input on developing business plans. Preparing Information Memoranda and other marketing material to support the fund raising. Sales, marketing, and PR campaigns to increase exposure of our clients with key audiences and other stakeholders. Accountancy and financial management. Ulilising our established networks to recommend suitable professional service providers such as accountants and lawyers. Acting as interim directors on client boards. Setting up boards of directors to give direction and provide corporate governance. Supporting clients with commercial contracts and negotiations with potential partners and suppliers. Administration of Fundraises including; Subscription Bundles, Trade Ledgers, Shareholder Registers, Client KYC and Transaction Settlement and fullfillment. |