Agri-tech company BHSL pilot project draws investors

Agri-tech company BHSL has completed the €8m first tranche of an equity drive, it revealed during a visit to its pilot project converting poultry manure into energy in Maryland, USA.

The Limerick-based company is expected to close its second fundraising tranche before Easter in a process run by Focus Consulting.

With the US producing up to nine billion chickens each year, BHSL is targeting it as a key export market, and has estimated the market opportunity at over $500m (€472m).