Company: Allied Resource Corporation
Industry: Alternative Energy
Transaction: $53,000,000 Private Placement
RMG’s Role: RMG was the sole advisor securing several indications of interest before Allied eventually chose PCG Capital Partner
Allied Resource Corporation is a global climate technology group operating and servicing energy related businesses worldwide. Their operations are based on proprietary technologies for the production of synthetic gases, reduction of CO2, NOx and sulphur emissions, the refining of waste oils into high quality oil products, the treatment of industrial waste water – as well as the incineration of sludge and pelletized residues.
All of their technologies are proven on industrial large scale operations. They build and operate waste oil re-refining plants under an exclusive licensing agreement from UOP, Chicago; they are the technology provider and co-owner of the largest manufacturer of catalysts for the removal of NOx in China; they provide engineering solutions for the reduction of nitrogen oxides, sulphur and particulate emissions as well as for waste water treatment and incineration plants by applying technologies acquired from Lurgi, Degussa/E.ON and ThyssenKrupp-EnCoke. In addition, they are developing large scale coal gasification plants using our proprietary BGL (British Gas Lurgi) technology.