Certarus Ltd., a developer of fully integrated compressed natural gas (CNG) solutions for the Western Canadian and US commercial and industrial markets, has completed a new round of financing, raising $ (Premium contents. Be first to know: Subscribe) million from a group of private investors.
Certarus’ primary business is the creation of a “virtual pipeline” through the compression, transportation and integration of CNG for the energy services, mining, forestry and industrial sectors.
Certarus’ solutions target diesel and propane fuel displacement projects to lower operating costs and environmental impact.
Certarus is led by Ivan D. Heidecker, formerly President of Canada & Northern U.S.A. for Enerflex Ltd. Certarus is backed by Calmar Capital Corp., an energy focused private equity and merchant banking firm.
Ted Liu Ted is an editor of CVCA News and Research Director for CVCA - Canadian Venture Capital & Private Equity Association. Ted has been following Canadian venture capital and private equity industry since 1993.