Biomass energy provider Veritas Group Limited has appointed a new management team, the company has said in a filing with the Bermuda Stock Exchange.

The team includes Alfred Minors as CFO, based in the Bermuda headquarters, together with new board member Michael Markham.

The holding company for the marketing of Mineral-Gro®’s Liquid TNT® patented organic nano-fertilizer has established Stephen Smoot as Veritas Group’s new US CEO and Albert Niekerk as CEO for South Africa and chief technology officer.

Phillip H Neilson also joins the team as a US-based board member and corporate attorney.

Johan Botha resigned as a Veritas director, as of December.

Mr Smoot commented: “As we enter the next phase of our expansion, we’re pleased to have a leading team that is dedicated to utilising the latest patented and proven technologies to produce organic fertiliser using nano-technology.

“Our stand-alone modularized biomass generators convert cellulose-rich biomass into biogas and other bio products, and Mineral-Gro®’s Liquid TNT®, together with Veritas’ Terra Preta soil, is an ideal solution for incredible plant growth without the use of harmful chemicals.”

He added: “In addition, Veritas Group’s generators help to solve the energy and waste problem with technology that converts bio-matter to energy.

“Bio-matter waste produced per day on the planet, if converted with available technology, represents a viable solution to meet increased energy demand.

“Scientists have noted that, on a global scale, the daily volume of bio-matter waste production is sufficient to satisfy the total energy needs of mankind, if converted.”