sometimes it pays to look at the partners

First of all here's the link to a story on Phoenix Energy's waste to energy project in Kwinana:

http://www.abc.net.au/news/2013-07-12/could-waste-soon-power-your-home/4818024

On the 04/10/13 at 22:32 peter.farmer posted the following link:

http://www.renewableenergyworld.com/rea/news/article/2013/10/a-new-win-win-co2-eating-microalgae-as-a-biofuel-feedstock

Of interest to me in the article contained within the above link was the following quote attributed to Roger Stroud:

'He said Algae.Tec has also been in discussions with a major Japanese waste management company about potential biodiesel production in Japan, with possible related operations in South Korea and Thailand.'

I was wondering which Japanese company AEB could have been in discussions with when I read the ASX announcement earlier this week and a name came out and hit me - Mitsubishi Heavy Industries Environmental & Chemical Engineering Co Ltd.

On the company's website there is a lot of information relating to the company's waste-to-energy business with emphasis on the announcements dated July 29th and September 24th this year.

Mitsubishi Heavy Industries Environmental & Chemical Engineering Co Ltd states its intention to create large scale waste incineration facilities with a particular focus on Thailand, Indonesia and Malaysia and they expect investments in urban waste treatment facilities to increase significantly in the immediate and near-term future.

In preparation for this they have opened a sales office in Singapore which will become the 'waste-to-energy' business unit of one of Mitsubishi Heavy Industries wholly owned subsidiaries aimed at capturing the growing demand for waste incineration facilities in south-east Asia and speeding up its global expansion.They talk of making south-east Asia their second most important market behind East Asia.

http://www.mhiec.co.jp/en/

As for the technology that Phoenix Energy wants to bring to Australia I found the following:

http://www.mhiec.co.jp/en/products/recycle/city/martin/index.html

Mitsubishi Heavy Industries is an absolutely enormous company in Japan and as it goes in the big end of town if you're a big Japanese company you're also a big global company. If my instincts are correct and AEB are indeed in discussions with their subsidiary, Mitsubishi Heavy Industries Environmental & Chemical Engineering Co Ltd, a significant company in its own right, and if an agreement can be reached, the potential ramifications for AEB going forward could be huge.

As the title of the thread says, sometimes it pays to look at the partners, but of course I could be wrong.