Pennsaco Technologies signed an MOU with Net Zero Carbon Solutions to deploy Pennsaco's green hydrogen technology in Latin America.

Under the terms of the agreement, the companies will partner on the deployment, development, build out and maintenance of commercial-scale waste-to-green hydrogen, renewable electricity, and biochar facilities in Latin America and globally addressing the projected $11 T market. Net Zero Carbon Solutions will lead business development and Pennsaco Technologies will provide carbon negative technology solutions to Net Zero Carbon Solutions clients.

"This partnership will provide state of the art waste-to-renewable energy plants and decarbonization solutions to the oil and gas industry and beyond. We are eager to get started and look forward to a long and prosperous partnership that will make significant environmental, social, and carbon negative impact in Latin America and globally," said Pennsaco Technologies CEO Robert Kelly.