Bedell Cristin has advised London-based energy technology company Arq on its latest fundraise of more than $60m from existing shareholders.
Arq uses a new technology to unlock ultra-pure, high-performing hydrocarbons from coal discarded in the mining process and has to date raised over $220m of equity funding.
The latest capital raise will allow the company to complete its terminal in Louisiana, US, 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.