The First Biomass Fund

First Climate introduces a new fund which offers a unique opportunity for investors to achieve high returns and contribute to fighting climate change.As all the funds so far managed by First Climate, First Biomass also focuses on achieving emission reductions but from a different perspective. Contrary to the previous funds, First Biomass will invest directly into production of carbon neutral fuel – wood and agricultural pellets. Co-firing such pellets together with coal in power stations or burning in private households avoids emission of greenhouses gases which would have been otherwise released when burning conventional fossil fuels. Also methane emissions are avoided as wood and agricultural waste is utilized and not just dumped on open air.

The use of pellets for industrial electricity and heat production has grown in the last decade from just 1,5 million tonnes to a current estimated 15 million tonnes. The market is expected to grow further to at least triple by the year 2020.

First Biomass Limited is offering shares and subordinated debt in the company as a precursor to an Initial Public Offering (IPO) on the Australian Stock Exchange. Committed Capital of AUD$100m is being sought.

The company is jointly sponsored by First Climate AG and Spar Capital Partners of Australia via their Australian joint venture First Climate Funds Management Australia.

Restricted access for investors: click here

For additional information please contact:

First Climate Funds Management Australia
Level 6, 84 Pitt Street
Sydney NSW 2000
Australia

p: +61 2 9011 5600
E-Mail: info(at)firstclimate.com

First Climate Markets AG
Industriestr. 10
61118 Bad Vilbel
Germany

p: +49 6101 55658 0
f: +49 6101 55658 77
E-Mail: info(at)firstclimate.com