Waste to Energy Canada Inc. (WTEC) has purchased the intellectual property of Waste2Energy Holdings Inc.
The Vancouver, British Columbia-based WTEC said in a news release the intellectual property assets include original patents and design work for Waste2Energy’s batch oxidization system technology. The transaction took place through a sale order from a court in Delaware, which appointed a trustee for the sale.
Waste2Energy purchased the original intellectual property from Enerwaste in 2007. The technology has been commercially used successfully in more than a dozen projects worldwide since 1996, including a facility in Dumfries Scotland, that processes 120 metric tons per day and provides 6 megawatts of electricity.
“The acquisition of the W2E Intellectual property has always been a key piece of our strategic plan,” said Rod Taylor, WTEC CEO. “This acquisition further facilitates the ongoing deployment of projects around the globe utilizing WTEC’s proprietary, batch gasification system. It will also ensure that we continue to enhance the technology through our ongoing research and development.”
The purchase includes the intellectual property of Waste2Energy Holdings, Waste2Energy Inc., Waste2Energy Group Holdings PLC and Waste2Energy Technologies International Ltd.