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Black Pearl Capital Partners acquires bio-diesel refinery in Wirral

Black Pearl Capital Partners has added another UK renewable energy site to its UK portfolio in Bromborough, Wirral.

The site consists of 46 acres with facilities for bio-diesel refining, blending, processing as well as storage.

"Today’s purchase comes on the heels of another renewable energy site we acquired in Castleford, Yorkshire. It allows us to continue an investment strategy in waste processing, waste-to-energy and renewable energy sectors," says Reza Irani-Kermani, chief executive of Black Pearl Capital. "We expect the site to be operational by mid-2011 thereby creating new employment opportunities in the region."

The plant is currently capable of processing up to 100,000 tones of waste oils into a range of bio-diesel products. Burning bio-diesel products reduces carbon dioxide emissions.

Black Pearl Capital Partners and its co-investor and asset manager, Aeternum Capital, are also investigating other opportunities to increase the investment at the site in order to develop a larger range of renewable energy activities.

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