Partnership Targets Waste Conversion Solutions
Terragon Environmental Technologies Inc. has entered into a strategic partnership with Green Marine Capital (GMC) in an effort to enable off grid sustainability by developing and commercializing simple compact and economical products that allow any habitat to convert its waste into useful resources, such as energy and clean water, Terragon said.
Terragon’s first commercially available product, the patented Micro Auto Gasification System (MAGS), converts each kilogram of waste generated by a habitat into 2kWh of thermal energy. A second product, the Wastewater Electrochemical treatment Technology (WETT), converts sewage into clean water that can be used for many utilities. Combined, MAGS and WETT can eliminate waste discharge from any habitat while reducing its need for energy and water.
According to Terragon, ships are natural off grid habitats that can benefit from the implementation of its products, adding that GMC recognizes Terragon’s potential to offer a safe, environmentally friendly and economically viable waste to resource alternative in the marine market. GMC will summon its experience to help Terragon customize its products and commercialize them within the marine industry. Furthermore, the GMC investment, which forms part of the strategic partnership, will provide Terragon with the necessary capital to expand its commercial efforts, not only in the marine sector but globally.
“Terragon is committed to enabling the on-site conversion of materials currently considered waste to valuable resources and we are extremely proud of our strategic partnership with GMC, which will help us accelerate the commercialization of our technologies and our innovative approach of waste utilization,” said Terragon’s President and Chief Executive Officer Dr. Peter Tsantrizos.
GMC will draw on the deeprooted heritage of its partners to help Terragon better marinize its technologies, expand business development and assist in market penetration.
Sverre Prytz, Managing Director of Green Marine Capital said, “Waste management onboard vessels has increased in importance since changes to regulations in 2013. Terragon is a pioneer in this sector and its unique onsite waste-to-resource solution coupled with a growing market makes this a compelling opportunity.”