TransGlobal Assets and its joint venture partner Helios of India, have received letters of intent (LOIs) from Solaris of Bulgaria and Chemtech SRL of Romania, each agreeing to purchase a 1MW patented Portable Biomass Waste system.

The Helios MSW-to-energy system is an earth-friendly technology with the potential to revolutionize the way municipal landfill waste (MSW) and hazardous bio materials are managed globally.

The Helios system was specifically designed to address the many downsides of current biomass waste systems by making the system portable, lower-cost, modular, non-polluting, fast to design/build, and same-day installed and operational, the company said.

The purchase price for biomass systems is $12m, payable in two installments; one half upon placement of the order and one half upon delivery of the completed unit.

The Helios system can output multiple high-value saleable byproducts, the most profitable of which is electricity, followed by ash for concrete, Syngas, hydrogen, methane, and more.