Novacem enters liquidation, UK

Novacem enters liquidation, UK
02 October 2012

Novacem, the carbon negative cement company, announced today that it was suspending operations and entering a Creditors’ Voluntary Liquidation.

Novacem co-founder and former Chairman Stuart Evans said “Novacem has been tackling an enormous opportunity but unfortunately we have not been able to raise the necessary capital to continue developing the technology. We had built a terrific team that had made significant progress, but now have no option but to suspend operations and close the company. We have valuable proprietary Technology and Intellectual Property and hope to sell this to a company that can take it forward to full development and commercialisation.”

James Money, a Partner at PKL (UK) LLP has been appointed Liquidator and will be dealing with the sale of the Technology and Intellectual Property. Stuart Evans is assisting him in the sale process.

Published under Cement News

Tagged Under: Novacem UK