Bruce Hutchon, Utopial Limited and Halfuel Limited are owners of the emission free energy from waste technology.
A new joint venture, TransAct Energy from Waste, subsidiary of TransAct has been formed to take over the said technology.
TransAct will provide $25m funding to the new venture.
Commenting on the development TransAct’s CEO and president Rod Bartlett said that it took nine months of work to bring the new business to the company.
"What we have accomplished in setting this EfW technology up for its municipal debut is not only significant for TransAct but for the future processing of all waste," added Bartlett.
