Irish company MicroGenbiotech signs strategic alliances in China’s Soil Remediation Market
Irish company MicroGenbiotech Ltd. has announced details of strategic alliances in the Chinese soil remediation market.
The announcements were made during this week’s Enterprise Ireland trade mission to China led by Minister for Jobs, Enterprise and Innovation, Richard Bruton TD.
MicroGenbiotech has signed a cooperation agreement with CECEP DADI (China Energy Conservation and Environment Protection Group). Under this agreement, MicroGenbiotech and CECEP DADI will work together to explore opportunities in Contaminated Land Remediation in China and overseas markets which includes the Middle-East and other western countries. MicroGenbiotech expects to increase its Irish workforce to 17 over the next three years with jobs in R & D, marketing, and customer support.
MicroGenbiotech has also signed a Memorandum of Understanding (MOU) with IAER SAAS (China Shanxi Province Agriculture Academy of Science) to collaborate on R&D. Under this MOU, MicroGenbiotech will work with Shanxi Province Agriculture Academy of Science on using Biotechnology to treat mining site contamination as well as using biofertiliser to increase farmland yield. The MOU signing was witnessed by Minister Bruton and Province Vice Governor Wang Yixin during the Minister’s trade mission visit to China.
MicroGenbiotechalso announced a strategic investment by the Chinese company MINEGREEN who are making an investment of several million RMB in MicroGenbiotech. MINEGREEN is a company specialising in mine ecological restoration and land remediation and is based in Shanxi Provence. MicroGenbiotech and MINEGREEN have also entered into a strategic cooperation agreement to develop and execute soil remediation projects in Shanxi Provence and a number of other provinces in China with CECEP DADI.
Speaking from Beijing Minister Bruton said: “MicroGenbiotech is a highly innovative young Irish company and an excellent case study of how creating a strong start-up environment can help companies grow and develop, right through to becoming a commercial reality. I visited CECEP DADI last year in June 2014 and was struck by the potential for collaboration between Irish clean-tech companies and Chinese ompanies. A year later, it is a great pleasure to witness MicroGen making such impressive progress in China. The proposed joint venture with CECEP DADI, together with the opportunity for further collaboration with Chinese research institutions and companies, will ultimately result in more highly skilled jobs in research and development at MicroGen’s head office in Ireland. It is an inspiring story for Irish start-ups”.
Dr Xuemei Germaine, CEO of MicroGenbiotech, is very excited about their rapid progress in the Chinese market: “We are extremely pleased with the progress we have made with CECEP DADI, MINEGREEN and IAER SAAS. We have moved to a very exciting stage of development with these new partnerships. The partnership with CECEP DADI and MINEGREEN will help us to gain access to many large remediation projects in the coming years and increase our visibility in this market”.
Mr Thomas Ruddy, Chairman of MicroGenbiotech, who has over 40 years’ experience owning and managing companies specialising in Water and Wastewater Treatment Systems has announced that he has recently invested in MicroGenbiotech. Mr. Ruddy commented: “I look forward to working with MicroGen, in its future development. There are very exciting opportunities ahead with Microgen, MINEGREEN and CECEP DADI. The potential which these significant alliances present bodes well for the future growth prospects of the company and I also look forward to building a good relationships with Mr Yang Xuequan, the Chairman of MINEGREEN, and Zang Wenhui General Manager of CECEP DADI”.
Julie Sinnamon, CEO Enterprise Ireland, who is accompanying Minister Bruton on the trade mission commented: “The commercialisation of research and development is a strategic priority for Enterprise Ireland. MicroGenbiotech is a great example of how Enterprise Ireland’s commercialisation agenda brings relevant discoveries and intellectual property from Ireland’s third level institutions to highly competitive markets. I warmly congratulate the team at MicroGen and look forward to continuing to work with them as they expand their presence in China and other overseas markets”.
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