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Blue Sphere Secures Caterpillar Financing for Waste-to-Energy ProjectBlue Sphere Secures Caterpillar Financing for Waste-to-Energy Project

Allan Gerlat

July 16, 2013

1 Min Read
Blue Sphere Secures Caterpillar Financing for Waste-to-Energy Project

Blue Sphere Corp. has secured financing for its waste-to-energy project in Charlotte, N.C.

Blue Sphere, based in Even Yehuda, Israel, received a commitment from Nashville, Tenn.-based Caterpillar Financial Services Corp. to provide $17.785 million in debt financing, according to a news release.

Blue Sphere plans to build a 5.2-megawatt organics-to-energy anaerobic digester in Charlotte. The company announced the project last fall.

The company expects to break ground in the third quarter and complete it in the third quarter of 2014. Blue Sphere is partners with Biogas Nord AG of Germany in the project and will retain a 37.5-percent ownership.

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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