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Waste to energy project gets financial backing in US

Israel-based waste to energy company Blue Sphere has secured financing for a project to be located in the US.

The business has received commitment from Caterpillar Financial Services in Tennessee to provide almost $18 million (€13.7 million) in debt financing.

The project, in collaboration with Germany-based Biogas Nord, will see a 5.2MW anaerobic digester located in North Carolina which Blue Sphere hopes to complete by the third quarter of 2014.