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23rd August 2019

Kernel Capital leads £2m investment in Belfast Company Silform Technologies

The Bank of Ireland Kernel Capital Growth Fund (NI) has led a £2m investment in Belfast-based Silform Technologies, in syndication with private investors.

There are billions of tonnes of coal waste around the world today, causing environmental problems and giving rise to significant ongoing costs to mining operators and government agencies.

Silform have developed a unique environmentally clean, high volume, low cost pelletizing system for the conversion of coal waste deposits into pellets which have economic value.  The company is currently developing a metallurgical coal pellet for use in the steel industry and the production of an enhanced BioCoal, being 30% less CO2 than coal but with a 70% increase in calorific value compared to pure wood Biomass pellets.

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