Hydro Power
Technologies, Inc. (PYBX)
acquires BIOENERZYME,
center for research and
production of enzymes or biomass
Burlington, ONT -- May
25, 2021 -- InvestorsHub NewsWire -- Hydro Power Technologies, Inc.
(OTC
Pink: PYBX) ("PYBX" or the "Company"), a diversified holding
company with assets in ride sharing, as well as General Contracting
and Patented Building supplies, is pleased to announce acquisition
of the Italian Joint Stock Company
"BioEnerzyme"
BioEnerzyme, www.bioenerzyme.it, is an
innovative start-up project which was founded in 2020. Its mission
is the development of enzymes and plants, including microalgae,
specifically designed to meet the needs in several manufacturing
sectors.
BioEnerzyme
first product is CELL-GAS, a patented mix of thermostable
cellulolytic enzymes produced from microalgae specifically designed
for the biogas sector.
"The
European market is the first in the world for biogas
production. 80% of the 17.000 plants in Europe use several levels
of plants-based biomasses, 13.600 in Europe and
1.280 in Italy." is what the General Manager affirms and
continues: "BIOENERZYME intervenes in the
pre-treatment of these biomasses when they reach an important
fraction of the vegetable diet and can be
expensive in terms of initial investment and energy required for
operation. It is therefore an ideal case for the use of enzymatic
preparations to optimize the exploitation of poor biomass such as
manure and sewage."
The industrial
enzymes market is projected to reach USD 6.2 billion by
2020
The industrial enzymes market is growing with
increase in the applications of industrial enzymes. The industrial
enzymes market was valued at USD 4.2 billion in 2014 and is
projected to reach USD 6.2 billion by 2020, at a CAGR of 7.0% from
2015 to 2020. To say this is a new
report published
by ReportLinker, a market research company with headquarters in
France.
The market is driven by factors such as increase
in investments in research and developments in industrial enzymes,
the increase in demand of consumer goods and biofuels, and the need
for cost reduction and resource optimization in production
process. Industrial enzymes
are used as an alternative of synthetic chemicals. The innovations
in technology and increase in the applications provides
opportunities for emerging market players.
The food & beverage segment dominated the
industrial enzymes market and is projected to reach a value of USD
2.0 billion by 2020. It is projected to grow at the rate of around
7.5% between 2015 and 2020. By type, the carbohydrases segment dominated the market and is projected to
grow at the highest CAGR of 7.5% from 2015 to 2020.The key market
players adopt strategies such as new product developments,
expansions, acquisitions, partnerships, and collaborations to
develop their position in the industrial enzymes market. The
Asia-Pacific region is projected to grow at the highest
CAGR from 2015
to2020.
The increase in disposable incomes
and change in lifestyle of the population in the Asia-Pacific
region has resulted in an increase in the demand of consumer goods
which has resulted the growth of the industrial enzymes market in
this region.
The industrial enzymes market is segmented
based on applications. The applications considered for the
research are food & beverage, cleaning agents, animal feed, and
others that include textile & leather, water treatment, and
pulp & paper among others. The types of industrial enzymes
which are used to manufacture enzymes for various applications are
also classified in the report. The key players in this market are
BASF SE (Germany), E.I. du Pont de Nemours and Company (U.S.),
Associated British Foods plc (U.K.), Koninklijke DSM N.V (The Netherlands), and Novozymes A/S
(Denmark).
Source: number of
accidents.
About Hydro
Power Technologies, Inc. f/k/a/ Playbox (US),
Inc.
Hydro Power
Technologies' mission is to provide and to continue to develop new
innovative green hydropower technology options that are grid ready,
safe, reliable and cost effective to energy providers worldwide.
HPT has also developed a system to increase the power output of an
impact turbine hydro generation system. The first generation
of products from the HPT system known as "Hammer1", utilizes
hydraulic water phenomena to produce rapid fire, high speed, long
water projectiles that have a velocity 1.25 to 1.30 times greater
velocity than the traditional "Free Flow" turbines in operation
today. The additional velocity increases the rotational torque of
the impact turbine runner thus increasing the power generation much
more efficiently than today's installed power generation
plants.
Contact
Information:
Michael Shamber
Hydro Power Technologies, Inc.
888-993-0989
info@hydropowertechnologies.com
https://twitter.com/HydroPowerTech
FORWARD-LOOKING
STATEMENTS
This press release
includes "forward-looking statements" within the meaning of U.S.
federal securities laws. Words such as "expect," "estimate,"
"project," "budget," "forecast," "anticipate," "intend," "plan,"
"may," "will," "could," "should," "believes," "predicts,"
"potential," "continue" and similar expressions are intended to
identify such forward-looking statements. These forward-looking
statements involve significant risks and uncertainties that could
cause the actual results to differ materially from the expected
results and, consequently, you should not rely on these
forward-looking statements as predictions of future events. These
forward-looking statements and factors that may cause such
differences include, without limitation inability to enter into a
definitive agreement with respect to the proposed transaction or to
complete the transactions contemplated by the non-binding term
sheet, matters discovered by the parties as they complete their
respective due diligence investigation of the other. Other factors
include the possibility that the proposed transaction does not
close, including due to the failure to receive required security
holder approvals, or the failure of other closing conditions. The
foregoing list of factors is not exclusive. Readers are cautioned
not to place undue reliance upon any forward-looking statements,
which speak only as of the date made.
Hydro Power Technologies (PK) (USOTC:PYBX)
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