BHTG - BioHiTech Global signs project management pact with Lone Cypress Energy

BioHiTech Global (BHTG) has entered into a project management services agreement with Lone Cypress Energy Services to evaluate and develop new High-Efficiency Biological Treatment projects.The two companies will also explore additional uses of Solid Recovered Fuel and other potential fuels that could be developed.Under the pact, Lone Cypress will take a lead role in environmental permitting and regulatory compliance services related to the development of additional patented HEBioT facilities and in the renewable energy business sector.Further, both parties are also in discussions with several general construction and engineering management services firms to guide construction and provide cost management oversight in executing future opportunities.BioHiTech launched its first HEBioT resource recovery facility in Martinsburg, West Virginia in 2019, capable of processing 110K tons of municipal solid waste annually while producing nearly 50K tons of SRF for use by cement manufacturing partners as a partial replacement for coal.Shares are down 2.03% PM.

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BioHiTech Global signs project management pact with Lone Cypress Energy