ThermoEnergy Corp. signed a term sheet to form a joint venture with Logica Eko, a green solutions company in Colombia, to turn landfills into biogas energy production sites.
Logica Eko owns four landfills in Colombia and is working with the Colombian oil palm association to reduce the environmental impacts of the country's growing palm oil industry, which is already the largest in Latin America. Under terms of the sheet signed by the companies, they will use ThermoEnergy equipment and engineered systems to produce biogas from landfills, and fertilizer and biogas from ammonia and other byproducts of the palm oil processing process. The biogas can then be used to produce electricity to sell to the grid, and the technology will reduce emissions of methane from the landfills and palm oil plants to the atmosphere.
ThermoEnergy's patented technologies and engineered systems can also turn the effluent from palm oil production into useful products like fertilizer and valuable chemical feed stocks.
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