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MAY
2009
Sonic and Nalco Mobotec enter
into joint venture
SONIC Technology Solutions,
Inc. announced that it has entered
into a joint venture (JV) with
Nalco Mobotec, Inc., a Delaware
corporation, to expand the use
of waste fly ash from coal-fired
power stations as a cement substitute.
Nalco Mobotec is a subsidiary
of Nalco Holding Company based
in Naperville, Illinois.
The JV is a limited liability
company organized under the
laws of the State of Delaware,
which will develop the SonoAsh
process to condition waste fly
ash as a cement substitute or
additive.
Under the agreement, the JV
will undertake development of
Sonic’s process, which physically
preconditions waste fly ash
and reduces residual carbon.
Successful development will
lead to a fully commercialized
process allowing the waste fly
ash to be used as a cement substitute
or concrete additive.
The agreement establishes an
earn-in arrangement by which
Nalco Mobotec is entitled to
direct and fund the development
process in consideration for
an up to 50 percent interest
in the JV. The first phase
of commercialization following
successful development will
lead to a production plant
followed by strategic expansion
through localized independent
processing facilities.
SonoAsh utilizes a proprietary
application that Sonic has developed
over the last 18 months to convert
waste fly ash from coal fired
power plants into cement substitutes
and additives for the global
concrete industry. Under the
terms of the JV agreement, Nalco
Mobotec will be responsible
for the strategic management
of the JV and will invest to
develop SonoAsh.
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