Limerick’s BHSL, which has developed a technology for poultry farmers to generate power from waste, has named high-level appointments, including Denis Brosnan, Padraig McManus, and Fidelma Macken.
The appointments come as BHSL aims to raise €7m through a new equity drive to increase sales overseas.
Mr Brosnan — the former chief executive of Kerry Group — becomes chairman, while Mr McManus, the former ESB chief executive, and retired Supreme Court judge Ms Macken both join the board as non-executive directors.
The company also named as new non-executive directors, corporate-financier David Hickey and Limerick businessman Tom Lynch.
BHSL managing director Declan O’Connor said the EU’s approval two years ago for the use of poultry manure to generate fuel was “a key catalyst driving interest in our technology”.
BHSL plans to use the new funding to increase the sales force for its process that allows on-site poultry farmers to make large savings on their energy bills.
BHSL had said earlier this year that the State of Maryland was testing its technology in a $3m (€2.7m) trial and estimates that its potential market in the US is worth more than €500m.
Mr Brosnan said BHSL has “a unique technology that has the potential to transform the global poultry industry”.
“We are very confident of attracting interest from investors who will see the global scale of this market opportunity,” he said.
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