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MBD Energy signs Chinese Joint Venture agreement

China Agreement

MBD Energy and Shandong Ocard, a leading Chinese Environment company have signed an agreement to form a joint venture in China. The aim of the company is to:

Development of a joint venture multi-faceted environmental company that improves the Shandong province’s waterways across a wide range of industries and applications and to expand these applications across China.

As a demonstration of MBD’s technology, the Joint Venture has commenced work in Jinan on a Demonstration project adjacent to the province’s ceremonial lake – Daming Lake. Water from the lake will be bioremediated to meet the province and central government’s recreational standards. Following a successful demonstration trial the joint venture will then pursue 3 major environmental projects in the Shandong Province.

China’s focus on environment clean up provides the joint venture with significant opportunities to apply MBD and Shandong expertise. The joint venture has identified a number of prospective projects which it will pursue in the next 12 months

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