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Pond Technologies Executes MOU with SEM Energy Ltd. Significantly Enhancing Sales Pipeline and Providing Full-Service Support to Future Pond Projects
SEM Energy Ltd. and Pond Technologies to Initially Collaborate on Scotland Based Project wit...
About this update from Pond Technologies Holdings Inc.
[{"type":"text","content":"Pond Technologies Executes MOU with SEM Energy Ltd. Significantly Enhancing Sales Pipeline and Providing Full-Service Support to Future Pond ProjectsSEM Energy Ltd. and Pond Technologies to Initially Collaborate on Scotland Based Project with Goal to Abate 10,000 tonnes of CO2MARKHAM, ON / ACCESSWIRE / June 16, 2022 / Pond Technologies Holdings Inc. (\"Pond\") (TSXV:POND)(OTCQB:PNDHF)(FSE:4O0), an ESG company addressing global sustainability challenges of protein shortages and climate change, announces it has agreed to a non-exclusive memorandum of understanding (\"MOU\") with technology solutions company SEM Energy Ltd. (\"SEM\"). Headquartered in Aberdeen, Scotland, SEM is a sustainable technology solutions company that collaborates with stakeholders across the agriculture, aquaculture, distillery and biogas markets to implement tailored end-to-end solutions for the treatment of waste products and wastewater, the recovery of nutrients, and the generation of valuable new by-products. Pond's technology will be a bolt-on solution utilized in SEM projects globally, where applicable.HighlightsPond and SEM have agreed to collaborate on a non-exclusive basis in pursuing projects internationally with the execution of the MOU.Pond and SEM to initially focus on Scotland-based projects with the goal to abate 10,000 tonnes of CO2 from an identified waste to energy plant using stack gas. The project is expected to commence Q4 2022 with the project scope and revenue opportunity expected to be disclosed in more detail prior to the launch date.SEM will promote and drive a carbon capture campaign and recommend Pond to current ESG clients on a non-exclusive basis.SEM will enable Pond to continue to aggressively commercialize its carbon reducing algae-based growth platform across a myriad of sectors globally, leveraging SEM's current project pipeline.Pond will promote and recommend SEM on a non-exclusive basis on future projects given the expected synergistic nature of each group's technology.A pioneering global collaboration between SEM and Pond is expected to provide Pond the added infrastructure to support the scaling up process through its ongoing commercialization efforts.CommentarySEM CEO and Co-Founder, John Jones, said: \"Pond Technologies and SEM both have exciting technology and a common alignment which will ensure our strong future wo...