Mencast was in the news recently after EDIS invested in the company via a three-year $3 million bond that can convert to shares at 14 cents each.
Mencast Holdings and Salt Investments are collaborating to manage marine waste. The two companies, via their respective subsidiary units, will jointly collaborate in collecting, receiving, treating, and responsibly processing marine oily waste, slops and sludge generated by marine vessels.
The two partners believe they can create a synergistic and scalabale business by recovering oil for secondary use and thereby contribute to a cleaner environment.
