LP Amina Completes $20M Series C Funding With Four Funds

Charlotte, North Carolina- and Beijing-headquartered LP Amina says it has completed series C funding, raising a total of US$20 million, according to a company announcement.

The investment was made jointly by existing investors, HAO Capital and Qiming Ventures. Two new investors, WLR China Energy Infrastructure Fund and Keytone Ventures, also participated in the round.

Established in 2007, LP Amina provides emission reduction solutions for Chinese power plants. The company has helped coal-based power plants in 13 provinces and municipalities in China to reduce their emission levels.

The company says it will use the proceeds to support expansion of its core pollution control business and promote the development of several innovative clean energy technologies in China, US and other global locations.

LP Amina is also commercializing its poly-generation technology, which improves power plant’s efficiency by converting a current waste stream into a wide range of high value industrial chemicals. The technology helps improve the economics and carbon footprint of power plants.

LP Amina is partnering with Gemeng International Energy (GMIE) to build its first commercial scale demonstration facility in Shanxi province. It is scheduled to be operational in the second half of 2013.