AnaeCo teams up with UK company

Archiv – Waste recycling company AnaeCo has entered into a partnership with a UK-based firm to expand its DiCOM waste processing system through India, China and South East Asia. United States-based AnaeCo has signed a memorandum of understanding with Sindicatum Carbon Capital International with a view to forming an equal joint venture for the development of projects using DiCOM.United States / United Kingdom | Waste recycling company AnaeCo has entered into a partnership with a UK-based firm to expand its DiCOM waste processing system through India, China and South East Asia. United States-based AnaeCo has signed a memorandum of understanding with Sindicatum Carbon Capital International with a view to forming an equal joint venture for the development of projects using DiCOM.
DiCOM is a system that incorporates advanced sorting, recycling, anaerobic digestion and aerobic composting to recycle municipal solid waste into renewable energy. ’The proposed joint venture will involve Sindicatum providing its CDM project development expertise and AnaeCo providing access to its DiCOM System technology, to develop municipal solid waste projects in the region,’ AnaeCo says.
The CDM, Clean Development Mechanism, projects are one of the methods established in the Kyoto protocol where industrialised nations can trade their carbon emission reductions, or CERs, from CDM projects on carbon trading markets.
Tom Rudas, Managing Director of AnaeCo says: ‘€˜We are very pleased to have formed this relationship with Sindicatum as we believe their focus on climate change and infrastructure is the right approach to realising projects in developing economies. Sindicatum’s track record and project development expertise in this region will accelerate what may otherwise have been a later staged market entry by AnaeCo, without impacting AnaeCo’s existing primary market focus in Australia and EU.’€™
AnaeCo and Sindicatum have agreed to formalise the relationship with the establishment of a joint venture company within 6 months. AnaeCo’s international deal follows another JV entered into early last month with Citywide Serivce Solutions to expand the DiCOM system in the eastern states.