Waste-to-gas company Valoneo goes public
Valoneo, a French waste-to-energy company, has started trading on the deregulated market Marche Libtre of Euronext Paris.
The company’s market capitalisation runs at €14 million, with shares trading at €11.60 after being on the market since July.
Valoneo was listed on the public market through a direct quotation, advised by French corporate finance adviser Atout Capital.
Founded in 2012, Valoneo specialises in the development of turnkey solution of on-site energy recovery of biomass and organic waste.
The company has pyrolysis and gasification technologies intended to produce clean renewable gases that are recoverable into heat energy and electricity for decentralised units processing 200 kg/hour to 2t/hour of waste.
Valoneo has invested €900,000 to build and test its Pyrowatts device for transforming organic matter, dry or semi-dry, into gas that is both clean and price-competitive with natural gas for application in electricity or heat generation.
The pilot project is currently being tested at the Grenoble site of French government-funded technological research organisation CEA.
Valoneo has estimated the market potential in France at 4,000 machines of 4 MW, but the company will be targeting other markets in Europe as well.