Black Pearl Capital Fund provides financing for Ennovar's production
One of Black Pearl Capital's portfolio companies, Ennovar, recently announced the receipt of working capital facility from one of the top commodity financing specialists in Europe. The funding would provide a source of financing as well as secure waste derived feedstock for the biodiesel production of Ennovar. The volume needed would be 50,000 metric tons per annum for Ennovar's Liverpool facility.
Ennovor Group is company that is in the business of sustainable fuel. It is one of the companies under Black Pearl Capital Group, where one of the firm include a vetically integrated biofuels firm allowing it full control of its supply chain requireements for biodiesel production.
Black Pearl Capital Partners on the other hand is a private equity fund that was created and managed by its namesake. Black Pearl Capital is an asset management company with incorporation in the Cayman Islands and main headquarters in Switzerland. The firm holds offices throughout Europe and the Middle East region.
According to Black Pearl Capital COO, "We are delighted at this agreement, which will enable Ennovar to meet ita full production capabilities at Bromborough."