Ecogensus Company Secures $120+ Million Licensing & Supply Deal

Ecogensus is a technology company focused on sustainable resources, products derived from waste materials, and novel recycling systems. Ecogensus holds over 80 issued patents and has its core patents already granted in 14 of the G20 markets. The company’s IP portfolio spans more than a dozen distinct families ranging from waste processing to machinery designs to innovations in sustainable materials science.

The contract, which is limited to a specific territory, represents a pivotal transition for the region following market testing of Ecogensus’ technology solutions and first deployment of Ecogensus’ recycling technology in western Europe in late 2019 along with announcements in 2019 and 2020 regarding U.K. project development. Ecogensus saw progress in the EU/UK halted due to COVID-19 but has since resumed.

The deal highlights Ecogensus technology’s broader potential in equipment supply and licensing fee revenues. Beyond the initial value, growth within the limited region at even a modest market penetration level (<10%) could yield $1.5+ Billion to the Ecogensus company. 

Importantly, the deployment and operation of Ecogensus equipment under this deal could see major carbon reduction benefits ranging from 144 million tons CO2e to 1.7 gigatons CO2e from this region alone depending on system deployment level. Stopping waste from entering landfills has a significant greenhouse gas reduction benefit, since landfills are the third largest anthropogenic source of methane. Policymakers and industry leaders are increasingly focused on methane reduction, since it is more than 25 times as potent a greenhouse gas as carbon dioxide, according to the U.S. Environmental Protection Agency.

“This agreement reinforces the operational performance capability of Ecogensus technologies that have already secured long term performance guarantee backing at Lloyds of London,” said Frank Harris, President of the Ecogensus operating company. “We look forward to seeing the benefits of the technology in this region and continuing with our mission to transform the way every country in the world manages its wasted resources whilst mitigating gigatons of CO2e in the process.”