Clean Energy Technologies JV to build pyrolysis plant; CETY holds 49% stake

Clean Energy Technologies, Inc.

JV Vermont Renewable Gas to convert 10,000 tons/yr woody biomass into 16,500 MWh electricity, biochar, thermal energy.
CETY Capital subsidiary holds 49% interest; CETY provides technology, services, and board representation.
CETY holds exclusive license to high-temperature ablative fast pyrolysis reactor technology.
JV expected to produce 1,400 MT biochar and 26,000 MM BTU thermal energy per year.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Clean Energy Technologies, Inc. entered into Operating Agreement with Synergy Bioproducts Corporation (effective 2202-12-14).

Action: entry
Agreement: collaboration
Counterparty: Synergy Bioproducts Corporation
Effective: 2202-12-14

Exact text from the filing

On December 14, 2202, CETY Capital , LLC, (“CETY Capital”) a wholly owned subsidiary of Clean Energy Technologies, Inc. (“CETY”) entered into to an Operating Agreement (the “Agreement”) with Synergy Bioproducts Corporation (“Synergy”) to establish Vermont Renewable Gas, LLC (the “Company”) to develop a pyrolysis plant (the “Project”).

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Clean Energy Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-035582

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