Galvanize Climate Solutions served as lead financier, advised by law firm Sidley Austin LLP, in securing a $70 million project debt financing package for waste and recycling technology firm AMP. The capital investment funds the construction of an advanced waste sortation facility and organics processing system located in Portsmouth, Virginia, in the United States. The transaction marks a notable development in securing project debt for advanced recycling and biomassBiomass is a complex biological organic or non-organic solid product derived from living or recently living organism and available naturally. Various types of wastes such as animal manure, waste paper, sludge and many industrial wastes are also treated as biomass because like natural biomass these More valorization infrastructure.

Deploying novel recycling and processing technologies historically presents structural challenges in debt capital markets due to perceived technology and performance risks. Infrastructure debt providers typically require predictable long-term revenues, fixed operational costs, and proven throughput reliability before extending long-term project capital. Blending automated sorting equipment with secondary biomass processing requires contract structures that insulate lenders from volume fluctuations and operational uptime uncertainties.

To bridge this risk profile, the transaction structure backed AMP’s proprietary artificial intelligence, robotic sorting, and pneumatic separation systems by pairing the technology with long-term contracted municipal volume. The facility supports AMP’s 20-year municipal agreement with the Southeastern Public Service Authority, securing an annual baseline intake of over 500,000 tons of municipal solid waste while aiming to divert at least half from regional landfills. A companion processing unit converts the separated organic fraction into biocharBiochar is a carbon-rich material created from biomass decomposition in low-oxygen conditions. It has important applications in environmental remediation, soil improvement, agriculture, carbon sequestration, energy storage, and sustainable materials, promoting efficiency and reducing waste in various contexts while addressing climate change challenges. More. This biochar generation facility supports a carbon-removal agreement with Google, which targets the delivery of 200,000 metric tons of carbon dioxide equivalent removals by 2030.

The $70 million credit facility enables AMP to build out its physical footprint in Virginia while demonstrating that automated waste management and biochar systems can achieve bankable, project-financed balance sheets. By converting recovered municipal organics into stabilized biocarbon, the facility establishes a repeatable template for municipal solid waste diversion and corporate carbon credit off-take. The integrated site aligns waste infrastructure, biochar production, and long-term carbon removal commitments within a unified project-financed framework.