The total value of the multi-year contract could be exceeded $1.5 billion

HOUSTON, February 20, 2023 /PRNewswire/ — One of Ecogensus’ operating companies entered into a license and supply agreement valued at over US$120 million focused on Ecogensus’ patented waste recycling systems.

Ecogensus is a technology company focused on sustainable resources, products derived from waste materials and novel recycling systems. Ecogensus holds over 80 issued patents and has already issued its core patents in 14 of the G20 markets. The company’s IP portfolio includes more than a dozen different families ranging from waste processing to machine design to innovations in sustainable materials science.

The contract, restricted to a specific territory, represents a crucial transition for the region following market testing of Ecogensus’ technology solutions and the first deployment of Ecogensus’ recycling technology in the West Europe Late 2019 along with announcements in 2019 and 2020 regarding UK project development. Ecogensus saw EU/UK progress halted due to COVID-19 but has since resumed.

The deal underscores the broader potential of Ecogensus technology in equipment supply and royalty revenue. Beyond the initial value, growth within the limited region, even with modest market penetration (<10%), could bring the Ecogensus company more than $1.5 billion.

Importantly, depending on system deployment levels, the deployment and operation of Ecogensus devices under this agreement could result in significant carbon reduction benefits in this region alone, ranging from 144 million tonnes of CO2e to 1.7 gigatons of CO2e. Preventing waste from going to landfill has a significant benefit in reducing greenhouse gases, as landfill is the third largest anthropogenic source of methane. Politicians and industry leaders are increasingly focused on reducing methane, which the US Environmental Protection Agency says is a greenhouse gas more than 25 times more potent than carbon dioxide.

“This agreement strengthens the…