Zouk invests in waste-to-energy leader FFK
London 27th January 2012
Zouks 230 million fund, Cleantech Europe II, has completed an investment in a leading German recycler and producer of secondary raw materials, FFK Environment GmbH (FFK). Headquartered in Peitz, Germany, FFK was founded 20 years ago by its current CEO Frank Kochan and employs over 150 people across multiple locations. The company applies proprietary technology to produce environmentally friendly solid recovered fuels (RDFs) which replace fossil energy sources such as lignite and bituminous coal. These fuels are used in coal-fired power stations to generate heat and electricity while reducing carbon emissions. The recyclable materials such as paper, metal and plastics, are recovered in FFKs sorting processes and marketed all over the world.
FFK is at the forefront of delivering a cost-effective and environmentally friendly method of managing Europes burgeoning waste problem. In combination with the growing pressures on the power sector to generate more sustainable electricity, this results in exciting opportunities for growth. Zouks investment will support FFK to expand its geographical reach in addition to building on the strength and experience which have led to the companys success to date.
Zouk Partner Dr Alois Flatz has joined FFKs board to support the companys development. He commented: FFK is an established industry leader with great potential for expansion into new markets. Its model is proven and it is already the largest exporter of RDFs to Poland. Consistent profitability, strong management and proven technology positions FFK well to achieve its ambitious growth plan. Zouks capital and expertise will support the company in achieving these goals.
Frank Kochan, CEO of FFK, said: We are seeing huge opportunities for growth and are excited to have Zouk, as a leading clean-tech investor, support our efforts to bring these to fruition. I look forward to working closely with the Zouk team and to benefit from the value they bring to FFK.