Bedminster International, a waste to energy biotechnology company, has agreed a deal for the global rights for a technology which produces green renewable energy from waste.
Bedminster, which is controlled by Irish businessman Bill McCabe, has signed the €50m deal with American Combustion Technologies (ACTI), based in Los Angeles. The company will use the technology at its facilities in Nantucket and Marlboro, and also at green field projects elsewhere.
ACTI has been supplying its pyrolysis technology since the early 1990s in the US, Far East and more recently Europe. Pyrolysis is the process that thermally 'cooks' materials in the absence of air to produce high quality gas, which is then used to produced energy.
'This agreement with ACTI is a most significant development in the energy from waste sector and means Bedminster can now offer a sound economic and environmental solution to the growing energy and waste crisis,' commented Mr McCabe.
