PH firm enters joint venture to develop waste-to-energy projects
In the Photo are Chairwoman, Isabelita P. Mercado of IPM Holdings, and Chairman George Weiss of Stellar3. Contributed photo
MANILA, Philippines — Waste management firm Basic Environmental Systems Technologies, Inc. (BEST) has entered a joint venture agreement with a leading US-based supplier of Waste To Energy (WTE) solutions to develop waste-to-energy projects in the Philippines.
BEST has recently agreed to work with Stellar3 LLC to develop the country as a hub for “Waste To Energy” technologies in the Asian Pacific and to address the government’s energy priority programs as demanded by a rapidly growing economy.
Among their plans are to design, build and operate modular facilities to transform selected waste into renewable energy (low carbon fuels). The initial facility, planned at Morong Landfill Site, will convert waste plastics into low-carbon liquid fuels safely and environmentally friendly.
Follow-on plans include facilities that will transform various waste forms (feedstock) to provide low carbon liquid fuels, heat for electricity and eventually Hydrogen outputs to plan for the future growth of the Hydrogen Fueled Economy.
“We are very excited to continue to provide forward-looking waste leadership in the Philippines, together with our new partners Stellar3,” said Neil Mercado, CEO of BEST.
“This facility will provide a foundation for future waste transformation facilities that will also revolutionize energy resources in the Philippines.”
The joint venture will put the Philippines in a position to become a leader in waste management transformation. GlobalTrade Xchange in the Freeport Area of Bataan recognizes such technological breakthroughs even as it maintains the country’s track record by protecting intellectual property owned by the venture.
“Stellar3 is honored to embark on a new project and technology hub for waste transformation with BEST and the Philippines communities. This is such an exciting time for renewable and low carbon energy, and the Philippines will be waste sustainable trailblazers, ahead of many developed nations and the envy of southeast Asia as facilities are built out and operating,” said George Weiss, Stellar3 Chairman of the Board.
Check the website https://www.stellar3.co.
READ: Turning PH waste problem into a city energy resource
