Niutech Energy Adds $1.7M in Follow-on VC
Recycling company Niutech Energy has raised $1.7 million from existing shareholder Origo Partners. Beijing-based Origo now holds a 15.4% stake in the company. In conjunction with the financing, Niutech announced that it had established a joint-venture with Chinese group Zhejiang Youbang Energy Development. The two groups will launch a plastic-to-fuel recycling operation in Zhejiang province.
9 December 2010•3 mins read
