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[United Kingdom]
Posted on : Dec 03, 2008
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.
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