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Riverstone Energy Ltd - Guernsey-based investor in energy companies and assets - Becomes the leading investor in Anuvia Plant Nutrients' Series D funding. Anuvia plans to raise $65.5 million to expand its US-based eco-friendly manufacturing facility, to which Riverstone Energy contributes $20 million.
‘Anuvia is focused on rapidly increasing manufacturing capacity of our field-ready bio-based plant nutrient system,’ says Amy Yoder, chief executive officer of Anuvia Plant Nutrients.
‘The funding announcement comes at a time when the US Department of Agriculture has pledged $250 million to support 'innovative American-made fertilisers,' underscoring the need to reduce dependence on traditional fertilisers sourced internationally,’ Riverstone explains.
Current stock price: 667.67 pence, down 0.1% on Friday
12-month change: up from 310.00p
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