Vista International Technologies Finalizing Deal with Intercapital Partners

Vista International Technologies, a Denver-based company whose technology converts waste, biomass, tires and other solid carbon based materials into electricity and thermal energy, while capturing the pollutants, has raised a letter of interest from Intercapital Partners Ltd., a U.K.-based private equity firm interested in investing up to $6 million in Vista, according to Vista. The energy firm says terms and conditions of the investment are currently being finalized.

Vista CEO Tim Ruddy remarks, “This investment puts Vista in an excellent position to achieve both the near- and long-term goals of the company. It will allow us to more fully execute our business plan and bring greater value to our shareholders by expanding the geographical areas we can serve as well as the number of projects we will have under development.”

Vista International Technologies Inc. has been producing waste-to-energy (WTE) gasification systems for more than 20 years, with installations across three continents. The company says its technology has low costs of installation and operation, and allows for the processing of virtually any hydrocarbon-based waste product, including municipal solid waste, waste tires, waste coal, sewage sludge, animal waste and biomass. The company’s WTE systems can be used to produce heat, steam, and/or electricity.