Ervington Invests in Waste2Tricity
07 November 2012: Waste2Tricity announced today that, following the recent share acquisition in W2T's strategic shareholder, AFC Energy, Ervington Investments, whose ultimate beneficial owner is Roman Abramovich, has acquired a 10% stake in the share capital of Waste2Tricity. Paul Heagren, a long standing employee of Mr. Abramovich, will be joining the company as a Non-Executive Director.
Peter Jones, Chairman of Waste2Tricity, said: “We are delighted to be able to announce the valuable addition of Paul Heagren to the board and the new relationship with Roman Abramovich's company. We note Ervington's recent investments in AFC Energy Plc, the low cost alkaline fuel cell company, and Alter NRG, the leading plasma gasification company. Waste2Tricity has a long standing relationship with both of these companies and their technologies.”