BioMaxxSystems.com
Title
BIOMAXXSYSTEMS.COM
Description
Biomaxx Systems Inc. (Other OTC: BMXSF) is pleased to announce that the company has signed a Memorandum of Understanding (MOU) with Morita Biotek Pvt Limited (Morita Biotek) of Hyderabad, India. This MOU represents a significant opportunity for Biomaxx Systems Inc. to introduce our proprietary biofuels and ethanol technologies and consulting expertise to the Indian and Asian markets. Morita Biotek Pvt Limited has engaged Biomaxx Systems Inc. for the strategic development of a bio-ethanol project in the region of Andhra Pradesh to compliment Morita’s extensive marketing and logistical knowledge of the petroleum and biofuels markets in India and South East Asia.
Under the terms of this MOU, Biomaxx Systems Inc. and Morita Biotek Pvt Limited will collaborate and cooperate on the development of a biofuels feasibility study with specific interest in the areas of ethanol using biomass and raw material that is in abundance in the area of Andhra Pradesh in India. Both parties agree this strategic alliance as defined by the MOU will create a significant business opportunity wherein Biomaxx Systems will provide proven technologies and the equipment requirements for a processing plant and with proprietary Biomaxx processes, Morita Biotek will build a state of the art facility to produce bio-ethanol from feedstock or biomass and market and distribute bio-ethanol, using Biomaxx technologies in South East Asia.
The President of Biomaxx Systems – Mr. Ronald Crowe states - “We are pleased to work with a company such as Morita Biotek, that shares in our commitment to bio-fuel technologies and the global reduction of reliance on fossil fuels that cause harmful CO2 emissions and Green House Gases, in cooperation we can help to slow the trend of global warming. The company is excited with the fact that this represents a significant opportunity in the highly populated India market. India currently imports 70% of crude oil which accounts for over $ 40 billion per year. As Morita Biotek has noted - that represents $ 425 million for every $ 1.00 dollar increase in the price of crude oil. Bio-ethanol will greatly reduce this reliance on imports, thanks in most part to companies like Morita Biotek.”
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français (French)
Address
- Irisvaenget 7
- Esbjerg V, DK-6710 DENMARK
Contact
- Webscorpion.com
-
- +1 253 369 2807, Fax: +1 253 369 2807
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- Alexa: BioMaxxSystems.com