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.