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“SlurryCarb” Company Raises $42 Million

EnerTech Environmental Inc., an Atlanta-based developer of renewable energy facilities that use biosolids and other high-moisture wastes (SlurryCarb), has raised $42 million in second-round funding. Citi Sustainable Development Investments and Masdar Clean Tech Fund co-led the deal, and were joined by Nimes Capital and CNM Inc. It previously raised a first round from Paperboy Ventures.