Quantum Energy Enters MOU with Biofuels Target Company
(Biofuels International) Quantum Energy and its subsidiary FTPM Resources have entered a non-binding memorandum of understanding (MOU) with a targeted company that designs, manufactures, operates and sells modular biorefineries.
The patented biorefineries are available in one million, two million and five million gallon per year capacities and produce alternative liquid biofuels from organic waste streams.
According to Quantum, the biorefineries are centrally manufactured so can be shipped globally.
Under the MOU, if certain conditions are met, FTPM will enter into a joint venture with the target company to develop and market a range of value-added food, feed and potentially medical grade products that will enable farm grown corn to realise a greater value than simply converting it into ethanol. READ MORE
Quantum (QEGY) Enters into MOU with Target Company (NBC29.com)