Pellet Technology USA, ICM enter joint development agreement

Pellet Technology USA has entered into an engineering, procurement and construction (EPC) joint development agreement with ICM Inc. that will see it become the exclusive contractor for PTUSA in the United States and abroad.

PTUSA identified Nebraska, Iowa, Illinois, Kansas, Texas and California as states likely to present EPC contract opportunities in the immediate future.

Just recently, PTUSA announced that ICM had been awarded the EPC contract for PTUSA's commercial demonstration facility in Gretna, Neb., a project that has now been completed by ICM. The commercial demonstration facility is a one-of-a-kind R&D facility that allows PTUSA to develop, test and modify feedstock inputs, blends and finished products for their industry clients, using PTUSA's patented technology.

PTUSA founder and COO Russ Zeeck said, "The addition of ICM to the PTUSA team adds additional expertise in construction and equipment fabrication that will be invaluable. The collaboration of PTUSA and ICM is the ideal relationship for the expansion of our Midwest projects.”.

ICM CEO Dave VanderGriend said, "We are excited to be involved with a company whose novel technology will add value to agriculture.  We see the collaboration as a compliment to ICM's skillsets and current product line of sight."

As well as the ICM relationship, PTUSA has also announced that it has also begun discussions with several equipment, feed and energy producers, which will extend the two companies' agreement to work together to provide EPC contracts for new facilities in the near-term.