Stern Brothers to secure financing for SynGest's bio-ammonia project
SynGest Inc. announced that the company has engaged Stern Brothers & Co. to raise capital for its first biomass-to-ammonia plant in Menlo, Iowa. After the Iowa project is launched this year, SynGest intends to build similar fertilizer mini-plants in other parts of the country. Discussions regarding emerging opportunities are presently underway with interested parties in Ohio, Oregon, Michigan and Minnesota. Stern Brothers has a national practice in renewable energy finance representing public and private company developers and operators seeking nonrecourse project financing in the biomass-to-fuels and chemicals, ethanol, biodiesel, methane gas and biomass-to-energy sectors.