Biomass Combustor Company Raises Funds

Nathaniel Energy Corporation has secured US$8.5 million in private financing to be used for expansion purposes and targeted acquisitions as approved by the Board of Directors.

Castle Rock, Colorado – April 18, 2003 [] This financing enables the company to continue its acquisition strategy targeting energy related companies that rely on large amounts of electricity, heat and steam to operate their businesses. Nathaniel Energy Corporation develops environmentally safe energy infrastructures that produce electricity, heat, steam, alternative fuels, natural gas and chemical products using its proprietary patented technology, the Thermal Combustor. The Thermal Combustor gasification system converts waste, biomass, tires and other solid carbon based materials into electricity and thermal energy, while capturing the pollutants and turning them into useful products. This process accommodates the use of many different solid wastes without any alteration to the unique Thermal Combustor design. This means that Nathaniel Energy can monetize every possible product generated from the waste conversion process while still exceeding the most stringent EPA and European Union regulations.
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