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Friday, 11/21/2014 10:53:39 AM

Friday, November 21, 2014 10:53:39 AM

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Mineral Hill Industries acquires Avis Energy Global Holdings

Tom Saidak | November 20, 2014

In Canada, Mineral Hill Industries announced the acquisition of Avis Energy Global Holdings Inc. Avis is an international waste management and conversion company with a presence in several countries including several processing plants under negotiation and development. Avis Energy uses its Cold Catalytic Biomass Liquefaction technology, referred to as “BML” to convert municipal waste into diesel fuel, electricity and water. Avis Energy is committed to confronting the challenges presented by population growth and the corresponding increased demand for energy resources by eliminating toxic landfill sites and transforming them into clean sources of energy.

Mineral Hill Industries will acquire Avis Energy’s worldwide projects including their first class collaterals of up to three billion Euros supporting the funding of the BML plants through the issuance of five hundred million newly issued treasury shares. Subsequent to the acquisition gaining regulatory approval, MHI will change its name to AVIS Global Energy Ltd.