Strategic Environmental & Energy Resources, Inc. Enters Memorandum of Understanding with BWAB, Inc. to Create A New Entity, Seer Corp
January 05, 2021 at 10:52 am EST
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Strategic Environmental & Energy Resources, Inc. has entered into a Memorandum of Understanding with BWAB, Inc. to create a new entity, SEER Corp. International (“SCI”), to be owned 50/50 by SEER and BWAB. BWAB and its European affiliates are exploring opportunities to fund these roll-out and commercialization initiatives. SEER will not be expected to provide funding for the international rollout objectives. Under the proposed terms, SCI will then work with BWAB’s international affiliated companies to add value to SCI and accelerate the monetization of SEER’s assets internationally. After extensive negotiations and due diligence, the parties agreed that the currently owned technologies and IP assets of SEER are well positioned to further many of the European government objectives and address various environmental issues being faced by most of the European countries and neighboring regions.
Strategic Environmental & Energy Resources, Inc. is a provider of clean technologies, waste management and related services. The Company provides technology solutions and services to companies in the oil and gas, refining, landfill, food, beverage & agriculture, and renewable fuel industries. Its subsidiaries include MV, LLC (MV), Paragon Waste Solutions, LLC (PWS) and PelleChar, LLC (PelleChar). MV designs and sells patented and/or proprietary, dry scrubber solutions for management of Hydrogen Sulfide (H2S) in biogas, landfill gas, and petroleum processing operations. These system solutions are marketed under the product names H2SPlus and OdorFilter. MV also develops and designs technologies and systems used to condition biogas for use as renewable natural gas (RNG). PWS has developed a patented waste destruction technology using a pyrolytic heating process combined with non-thermal plasma assisted oxidation. PelleChar offers a soil amendment pellet containing the Biochar Now product.