Dive Summary:
- Nevada based, TransAct Energy has signed a memorandum of understanding to secure $25 million in financing to develop municipal scale WTE plants
- In the press release, TransAct claims that the JV also gives it the right to a new emission free waste-to-energy technology. Details of this technology were not provided.
- TransAct Energy's JV agreement is with UK based Bruce Hutchon, Utopial Limited and Halfuel Limted
- Read the press release
From the article:
Nevada based carbonaceous waste to energy specialist, TransAct Energy has signed a Joint Development Agreement (JDA) to utilise emission free waste to energy technology through a subsidiary that will develop a series of municipal scale plants.
The company said that the agreement with Bruce Hutchon, Utopial Limited and Halfuel Limited provides it with $25 million dollars of financing.
TransAct said that it had previously signed a letter of intent with Hutchon that contemplated the formation of a partnership to fund, develop and grow the emissions free waste to energy technology globally.
