Tersis Technologies and The Salem Group Sign MOU to Evaluate a Venezuela Joint Venture for Waste-to-Value Distributed Power
Tersis Technologies signed an MOU with The Salem Group to evaluate a joint venture for SynGenic V3 waste-to-value distributed power projects in Venezuela. The MOU is largely non-binding: it forms no legal entity, obligates no capital, and begins with a compliance phase requiring written sanctions and export-control counsel advice and potential OFAC licensing before any Venezuela engagement.
Key figures
- Mou effective date
- October 8, 2026
- Term sheet timeline
- non-binding JV term sheet within 60 days after compliance phase is completed
AI analysis
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