Avrio Capital, ATB among investors in Sulvaris' new Vitasul production facility
Sulvaris Inc has received approval from regulators to begin construction of a new Vitasul production facility. The facility, which will be built on the site of Keyera Corp’s Strachan gas plant near Rocky Mountain House in central Alberta, will convert elemental sulphur into Vitasul, a premium plant nutrient sulphur fertilizer developed for sale in global markets by the Calgary-based Sulvaris. The company confirmed that financing of the project was provided in Aug. 2013 by Canadian venture capital firm Avrio Capital, ATB Financial, and other investors. While the deal's financial terms were not released, Thomson Reuters (publisher of peHUB Canada) has reported that a portion of the value totals $42 million.
20 February 2014•4 mins read
