NDC explores investments in energy
NDC believes the project falls well within the National Development Company’s investment criteria of pioneering, developmental, inclusive, sustainable and innovative.
Daily TribuneNDC believes the project falls well within the National Development Company’s investment criteria of pioneering, developmental, inclusive, sustainable and innovative.
NDC is looking into a potential investment in CYCLION to help fulfill the Philippine government's national energy security and sustainability objectives. Through the LOI, NDC would like to signify its willingness to explore, evaluate and consider the proposed potential equity and/or project investment through this Letter of Intent.
NDC believes the project falls well within the National Development Company's investment criteria of pioneering, developmental, inclusive, sustainable and innovative.
This potential investment shall be conditioned upon the following: (i) a positive outcome of NDC's due diligence; (ii) CYCLION's compliance with NDC's documentation and governance framework requirements; and (iii) NDC's Management Committee and Board of Directors approval.
No investment figures can be released as the process has just begun, but we can share the funding figures that Cyclion Holdings PTY Ltd. is raising.
CYCLION is a clean tech company organized under the laws of Australia. It provides waste-to-energy solutions through a patented technology that uses various catalysts and ionic fluids to convert Municipal Solid Waste into electricity or fuel with minimal or no pre-treatment.
The technology
CYCLION's process involves an environmentally friendly method of liquefaction that converts mixed waste of plastics and biomass into oil at low temperatures and pressure. This will then be further treated to produce fuel, which can be separated into diesel or other fuel types or used to power a Combined Heat Power generator that provides electricity.
The liquefaction treatment of these materials often found in MSW is a massive step towards developing a cost-effective solution for waste management. It is a game changer for the waste-to-energy industry as most other methods rely on significant mechanical and electrical technologies to separate and grind different waste streams into small particles — this is costly and inefficient.
