Canadian capital investment funds Fonds de solidarité FTQ and the Fonds régionaux de solidarité FTQ, by investing $70 million in natural gas and electricity producer EBI, are now strategically positioned in such sectors as waste management, renewable energy production, and the use and distribution of natural gas in the Québec transportation industry.
EBI said that it chose the funds because it met an important condition for it to be a Québec investor and they have the experience and skills to allow it to continue growing it.
The company also said that with the deal it will be able to speed up its expansion and access new markets.
In fall 2016, EBI acquired cutting-edge technology, including three optic sorting systems. Working with Éco Entreprises Québec, the energy company is currently conducting a glass recycling pilot project.