Bedell Cristin advises Arq on latest fund raise09 Dec 2019
Leading offshore law firm, Bedell Cristin, has advised energy technology company, Arq, on its latest fund raise of over $60 million from existing shareholders.
Arq uses a ground-breaking new technology to unlock ultra-pure, high performing hydrocarbons from coal discarded in the mining process and has to date raised over $220 million of equity funding. The latest capital raise will allow the company to complete its terminal in Louisiana for drying and blending Arq Fuel TM, which can be blended into oil products and used for power generation, transportation or refining.
The Bedell Cristin team was led by partner Guy Westmacott and associate Natasha Bairstow, who provided Jersey law advice working alongside lead counsel for Arq, Marriott Harrison LLP.