Pennsaco Technologies Signs MOU withNet Zero Solutions to Deploy Hydrogen & Carbon Capture Solution
Pennsaco Technologies, LLC has signed a Memorandum of Understanding with Net Zero Carbon Solutions, LLC, a U.S. and Latin America based consultancy providing net zero carbon technology solutions to the oil and gas industry, to deploy Pennsaco's technology in Latin America.
Under the terms of the agreement, the companies will partner on the deployment, development, build out and maintenance of commercial-scale waste to green hydrogen, renewable electricity, and biochar facilities in Latin America and globally addressing markets worth trillions of dollars. Net Zero Carbon Solutions will lead business development and Pennsaco Technologies will provide carbon negative technology solutions to Net Zero Carbon Solutions clients.
"We are excited to partner with Net Zero Carbon Solutions. They have a world class professional team with decades of experience in the oil and gas industry. Their intimate knowledge of the industry's carbon and waste challenges combines perfectly with Pennsaco Technologies' advanced thermal conversion engineering expertise. This partnership will provide state of the art waste-to-renewable energy plants and decarbonization solutions to the oil and gas industry and beyond. We are eager to get started and look forward to a long and prosperous partnership that will make significant environmental, social, and carbon negative impact in Latin America and globally," said Pennsaco Technologies CEO Robert Kelly.
"Pennsaco's unique technology has proven to be a key factor for achieving Net Zero Carbon Solutions' goals of effectively mitigating climate change and the greenhouse gas crisis. Our commitment to decarbonizing the oil industry from the inside is soundly supported by our partner's technologies, with whom we are proud of working with to accelerate the energy transition demanded by the global community," said Walter Arias, Net Zero Carbon Solutions Director