Pennsaco Technologies, has inked a preliminary deal to establish a presence in the Latin American market.
To explore potential in the region, the company inked a memorandum of understanding (MoU) with Net Zero Carbon Solutions, a consultancy located in the United States and Latin America.
Greener energy options are becoming more popular in the Americas as a whole. In early September, the Port of Corpus Christi signed a Memorandum of Understanding to establish a carbon storage facility in the region.
“This partnership will provide state of the art waste-to-renewable energy plants and decarbonisation solutions to the oil and gas industry and beyond,” Pennsaco CEO Robert Kelly said. “We are eager to get started and look forward to a long and prosperous partnership that will make significant environmental, social, and carbon negative impacts in Latin America and globally.”