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The National Development Company signed a non-binding letter of intent with Australia-based Cyclion Holdings Pty. Ltd. on energy security and sustainability.
The government investment arm believes that the collaboration with Cyclion falls within the NNDC’s investment criteria of pioneering developmental, inclusive, sustainable and innovative projects. NDC confirmed that Cyclion Holdings was raising funds to finance the construction of the first 50 metric tons per day pilot plant in the Philippines.
Cyclion is a clean tech company providing waste-to-energy solutions through a patented technology that uses various catalysts and ionic fluids to convert municipal solid waste into electricity or fuel with minimal or no pre-treatment.
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