Australian company will work with China’s Dynagree Environmental Protection Group to market its DICOM technology.
The Australian company AnaeCo has signed a Memorandum of Understanding (MoU) with Dynagreen Environmental Protection Group Co. Ltd., a subsidiary of Beijing (China) State-Owned Assets Management Co. Ltd. (BSAM) with the intention of forming a collaborative relationship to commercially market AnaeCo’s DiCOM anaerobic digestion technology in China and overseas. The technology is based on a patented, hybrid biological process that converts organic solid waste into compost and biogas.
According to a news release, the commercial framework will include terms upon which AnaeCo will provide technology transfer and licensing rights to exploit the DiCOM technology, and terms upon which Dynagreen will roll out the network and capabilities of DiCOM in China.
Patrick Kedemos, AnaeCo’s managing director and CEO, says, “I am very pleased to have signed this MoU with Dynagreen Environmental Protection Group Co. Ltd., whose capabilities and resources make them an ideal partner for the commercial roll-out of DiCOM in China. The DiCOM technology offers compelling advantages as a waste management solution to many of China’s large and growing urban cities, where the smaller footprint and environmentally benign nature of the DiCOM process will enable the DiCOM plants to be located in the cities’ light industrial areas. In addition, the renewable energy generated from the biogas produced by DiCOM, and the organic fertilizer the DiCOM plant produces, will make a great contribution to Chinese municipalities striving to meet the environmental targets laid down by the Central Government.”