Astra Energy, a global integrated energy solutions provider specializing in clean and renewable energy and technology, has entered into definitive agreements to acquire Regreen Technologies, a California-based "zero emissions" clean energy company. Astra Energy Inc. has tasked its wholly owned subsidiary, Astra Energy California Inc., a California-based company, with deploying the Regreen Total Waste System globally.

Regreen, founded by renowned inventor and designer Albert Mardikian, has grown into one of the most exciting tech startups in the waste industry. Mardikian's technology has garnered the support of the U.S. Chamber of Commerce, the U.S. Department of State, the U.S. Trade and Development Agency and other governments overseas, including Uganda, Liberia, Tanzania, Egypt, Morocco, Saudi Arabia, Zanzibar, Puerto Rico, Canada, Mexico, Jamaica, Panama, Peru, the Philippines and the Dominican Republic. With over 20 years of experience in research and development of the science of converting municipal solid waste (MSW) and organic waste into "zero emission" marketable commodities, such as clean electricity, biofuels, animal feeds, fertilizers, organic pesticides and reclaimed water purification, Regreen is now positioned to deploy its “Total Waste to Energy” worldwide.  

"I am excited to be partnering with Astra Energy Inc. The combination of this disruptive technology with Astra's far-reaching waste industry connections, domestically and internationally, will change the way trash is processed globally. The world will finally see the expansive value of all trash. Just think, NO MORE LANDFILLS," Mardikian stated.

Regreen is an excellent addition to Astra's IP portfolio. This technology meets U.S. and international eco guidelines and offers diverse income opportunities for the Company. Spearheaded by Douglas Hampton, president of Astra Energy California Inc., a pilot project utilizing the technology is poised to begin in California.

"The immediate goal of Astra in utilizing the Regreen Total Waste System is to become the first in the world to establish a material recovery facility (MRF) with a 95% landfill diversion rate,” Hampton said.

KeyFacts Energy: Acquisitions & Mergers news   l   Renewable Energy news