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MEI Online: Environmental Issues: Latest News: January 2nd 2007

 
 

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:: BioteQ Signs Definitive Joint Venture Agreement with Jiangxi Copper - Agreement Encompasses A Total of Six Sites

BioteQ Environmental Technologies Inc. is pleased to report that it has signed the definitive joint venture agreement with Jiangxi Copper Corporation (" JCC”) for the operation of a water treatment facility located at JCC’s Dexing mine in Jiangxi Province, China. The joint venture agreement forms an equal share joint venture company between BioteQ and JCC, which will be called JCC-BioteQ Environmental Technologies Co. Ltd., which will build and operate water treatment plants using BioteQ’s technology. The agreement includes a license contract whereby BioteQ will provide its patented technology on a royalty-free basis to the joint venture company for use at the Dexing project (currently under construction for operation in 2007) as well as five additional sites owned and operated by JCC.

The joint venture operating agreement is a significant milestone for both companies to establish BioteQ’s waste water treatment technologies in China and provide a commercial demonstration of sustainable water treatment operation for the Chinese mining industry. JCC is the first mining company in China to utilize the BioteQ technology to enhance the environmental performance of its mining operations.

 

 

   

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