Sanford Selman Founder & Managing Director Asia West
Sanford J. Selman is a highly experienced financial executive with deep domain experience in the energy and environmental sectors. As a specialist in the development of infrastructure and technology on a global scale, he possess a keen understanding of the technical, commercial, financial and societal issues associated with the development and deployment of "clean" technology, including both the supply and demand sides of energy. Mr. Selman also has significant experience helping start-up ventures transition to stable commercial enterprises.
Mr. Selman is the Founder and Managing Director of Asia West LLC (Greenwich, CT). Asia West is the Fund Manager of the Asia West Environment Funds - strategic venture capital funds with a unique focus on investing in early stage, "venture grade" companies in North America and Europe possessing proprietary technology that is commercially and environmentally relevant to the developing world, specifically China and India. Asia West takes a hands-on approach to assist its portfolio companies to scale as quickly as possible, both in their home country market as well as overseas.
Mr. Selman has almost thirty years of project finance and venture capital experience. During his industrial and investment banking career, he has arranged approximately $1.5 billion in structured financing and served as project development and financial advisor on scores of energy-related projects involving virtually every renewable and non-renewable fuel. Much of this experience was obtained in less developed countries where availability of private capital is a key developmental constraint.
Mr. Selman holds a Master of Business Administration in Finance and Investments from The George Washington University and a Bachelor of Science in Mechanical Engineering (with Distinction) from Worcester Polytechnic Institute. Mr. Selman serves as Chairman of Mobius Technologies, Inc., Chairman of E-Leather Ltd., interim CEO of Maser Corporation and is a Director of MBA Polymers Inc.
About Asia West
Asia West has a unique focus on resource efficiency that aims to increase the economic efficiency of the industrial sector. Asia West has built a solid value-creation platform around the redeployment of scrap material to their "best and highest use." As a result, Asia West has four investment platforms:
1. Resource Entry (raw materials, water, energy): Goal is to achieve the same performance with reduced inputs or identify inputs that produce less unwanted by-products. Specific focus is on "green chemistry". Target: 20% - 50% reduction in disposal or feedstock costs.
2. Infrastructure (existing plant, equipment, logistics, delivery systems that might otherwise be retooled or replaced): Goal is to use novel approaches to manufacturing that hold the potential to extract greater economic value from existing manufacturing and utility infrastructure by reducing both input material costs as well as production of unwanted by-products. Specific focus is on industrial biotechnology. Target: 20+% improvement in yield, throughput or operating expense.
3. Permanent Exit (waste and non-recoverable materials that would otherwise be disposed of or released into the environment): Goal is to recover and recycle these materials to their best and highest value use by either re-introducing them to the originating production cycle or redeploying them to entirely new uses. Target: 50+% reduction in disposal costs; reduction in raw material cost.
4. Temporary Exit (by-products and scrap that are already recycled): Goal is to recover and convert these low-value materials through "up-cycling" to their best and highest value use. This is achieved by disaggregating composites into streams, extracting the most valuable materials, and producing high-end materials that can either be re-introduced to the originating production cycle or redeployed to entirely new uses. Target: Produce commodity grade and branded industrial feedstocks at 25% - 50% of the cost of competing incumbent materials.
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