Synergy Medwaste and Waste to Energy Canada Inc. have formed an exclusive distribution agreement for processing regulated medical waste in the U.S.
The agreement covers the sales, marketing and project development of Regulated Medical Waste processing facilities in the U.S. using Waste to Energy Canada’s proprietary BOS Technology. Synergy has committed to purchase minimum volumes of WTEC's equipment over a 10-year period.
The agreement comes on the heels of the U.S. Environmental Protection Agency and its changes in legislation governing the closures of medical waste incinerators and the need for safer alternatives for thermal processing of hazardous waste and Regulated Medical Waste.
David Cardenas, Managing Partner of Synergy Medwaste explained in a December 16, 2013 statement that "The ability to offer a proven compact method to process Hospital waste will guarantee savings and long term benefits for the future of the Healthcare sector and our environment as well. In simple terms, our platform is set to develop, own and operate each facility, which puts our capital at risk and not the Hospitals.”
Although there are several systems in the market in various stages of prototype, none has equalled the proven operating history of the WTEC BOS Technology, according to Synergy.
Commenting on the agreement, Alistair Haughton, Director of Waste to Energy Canada Inc. said, "At a time of transformation in the US Regulated Medical Waste sector, WTEC is extremely pleased to announce this Exclusive Distribution Agreement with Synergy". He added, "Through Synergy's U.S. Project Development experience and WTEC's technology platform, medical facilities can benefit from this complete solution, outsourcing their end of life waste management issues."
About Synergy Medwaste LLC
Synergy Medwaste, LLC is an extension of Synergy Renewables Waste to Energy platform. Headquartered in Dallas, Texas, the company is privately held and fully capitalized to develop, build, permit, own and operate end of life medical waste facilities.
Synergy Renewables LLC is a partnership between Providence Energy Corporation and PB Capital.
About Waste to Energy Canada Inc.
Headquartered in Vancouver, Canada, Waste to Energy Canada Inc. (WTEC) designs waste processing systems for local communities and organizations allowing them to achieve and maintain their waste management objectives.
Through its local distribution partners, WTEC licenses its IP and equipment to end users and supports the sale with specialist engineering services through the construction process and ongoing operations and maintenance services for the lifetime of the facility.