Nviro Cleantech is to float on AIM and expects to raise £12m and achieve a market capitalisation of £20m.
The company has been buying up and investing in new technologies from small businesses and universities since it was established in 2005.
Its portfolio includes a cleaner fuel process for coal and biomass, a wood fibre reclamation system and air purification and laser ignition technologies.
The combined global market for clean technologies is estimated to be worth £800bn by 2015, the company says.
The company, which plans to float next month, wants to raise money in order to start commercialising these technologies.
Chris Every, chief executive of Nviro, said: “Clean technogies are a central part of a new industrial shift to reduce pollution, emissions or waste streams.
“We look forward to joining the AIM market just as these trends are forcing many countries and corporations to examine new technologies, more stringent regulations and consumer behaviour.”
Grant Thornton is the company’s nominated adviser for the placing, and Fairfax is its broker.
© Crimson Business Ltd. 2007
