# BacTech signs MoU for funding of Ecuador bioleach plant

BacTech Environmental Corporation signed a Memorandum of Understanding with a European private equity group to fully fund a proposed bioleach plant in Ecuador, with the group able to obtain a 50% interest in exchange for providing 100% of the financing.

- Type: Partnership
- Announced: 2021-01-19
- Where: Ecuador, Ecuador
- Status: announced
- Products: bioleach plant
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [BacTech Environmental Corporation](https://endata.com/companies/52615.md)

## Sources

- [thenewswire.com](https://www.thenewswire.com/press-releases/1BNMFlnrY-bactech-announces-mou-for-funding-ecuador-bioleach-plant.html), 2021-01-19: "Obviously this is a big step forward for us."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.