October 1, 2018 (Geneva, Switzerland — PR NEWSWIRE) — WPP Energy GmbH (“WPP”) announced today that its Board of Directors has approved an agreement with Moroccan based GDTC Company to form a Master Joint Venture whereby GDTC will invest 1 Billion Euro for the Exclusive Rights for the Country of Morocco for the construction of a WPP Waste Truck Manufacturing Facility. WPP will own 80% of the of the MJV and GDTC will own 20%. The Chairman, CEO of GDTC is also the WPP Chief Executive for the Middle East and North Africa.
The Morocco facility is expected to produce 1320 WPP Waste Trucks per year when operating at full capacity. WPP will provide all necessary licenses to the MJV for the Technology. GDTC shall also be responsible for project development for the use of the WPP Technologies in Morocco.
The WPP Waste Truck is a mobile waste conversion technology that can collect and convert household, industrial, medical and landfill wastes, leaving only a 3% inert residual that can be sold as recyclable material. The Truck can process up to 36 tons of waste per day which is converted into biofuels with no pollution. The Truck also produces and captures hydrogen which fuels the Truck engine and also the onboard Waste Plant and the 80% daily surplus can be sold as a green energy fuel source or dissipated into the air.
WPP Chairman and CEO, Mr. Rafael Ben stated
“WPP and GDTC have a long partnership of cooperation and the birth of this incredible new environmental technology presents another outstanding partnership opportunity to work together to solve the waste and landfill problems of Morocco. Landfills are a leading cause of deadly methane and greenhouse gas and also ground water pollution. The WPP Waste Truck eliminates 97% of the material normally headed for a landfill, it gasifies it and produces valuable biofuel as the output.”
ABOUT WPP ENERGY
WPP Energy was established in 2009 in HK and is now Headquartered in Geneva, Switzerland, WORLD POWER PRODUCTION ENERGY GmbH (WPP ENERGY, “WPP”) is a repository for disruptive green energy and environmental technologies which we intend to license, build, own, operate and maintain. We also license technology and enter into strategic joint venture partnerships for the purpose of accelerating the deployment of environmentally friendly technologies for the benefit of the entire world. WPP also intends to license exclusive and non-exclusive rights to territories throughout the world for the manufacturing of the Truck.
GDTC Group was established in 2006 in Morocco and is led by His Excellency the Honorable Natour Ahmad Zuhir Mohammad. HEH Natour is also WPP Chief Executive for the Middle East and North Africa.
GDTC is focused on the Green Economy in the Kingdom of Morocco by undertaking an environmentally friendly, Social and Human Well-Being Development project which will significantly reduce environmental risks, lower carbon emissions, getting rid of various types of wastes, improve human well-being by creating employment and providing renewable energy. GDTC will also provide state of the art retail and residential amenities to improve economic and social welfare.
FOR MORE INFORMATION, PLEASE CONTACT:
WPP Energy GmbH
TEL: +41 91 756 6945