Trash-to-Power Company Advanced Plasma to Hire Financial Adviser

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Advanced Plasma Power Ltd., a U.K. waste-to-energy technology maker, plans to hire a financial adviser to help raise money for 400 million pounds ($629 million) of planned projects to turn trash into power.

The company has been speaking to investment banks and specialist firms and has selected the “frontrunners,” Rolf Stein, chief executive officer of London-based Advanced Plasma, said by phone.