Ward Hadaway secures backing on global deal

Law firm Ward Hadaway has helped renewable chemical technology company Solvert Limited on a deal to secure backing

Law firm Ward Hadaway has helped renewable chemical technology company Solvert Limited on a deal to secure backing from a global industry leader.

The firm’s energy group and process industries team advised the Teesside company on a significant investment in the company by Paris-based Suez Environnement.

Solvert, based at the Wilton chemical industry complex, specialises in converting household waste into a range of renewable chemicals used in the manufacturing sector.

Under the agreement, Solvert will work with Suez Environnement and its subsidiary SITA UK on an advanced research and development project, to convert organic waste into feedstock for use in industrial fermentation processes to produce renewable chemicals.

Mark Whitehead, partner and head of the energy and utilities team at Ward Hadaway, led the firm’s team advising Solvert on the agreement.

Whitehead said: “This is a significant deal for the development of the company.

“The fact that it is able to attract investment partners such as Suez Environnement is testament to the quality of the work which the team at Solvert are producing.”

 

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