Key Takeaways
- Tersis Technologies has signed an MOU with Pingkas Capital to jointly develop, finance, deploy, and operate waste-to-energy projects in the Philippines using the Syngenic V3 technology platform, executed on May 25, 2026.
- The flagship project under the partnership is proposed for Bataan, with the potential to scale across the Philippines and into the broader ASEAN region.
- Pingkas Capital receives binding exclusivity for Tersis technology deployment in the Philippines for an initial 12-month period, extendable to 24 months, with exclusivity expanding to all ASEAN member states upon financial close of the first site.
- Tersis will serve as technology and operational partner, while Pingkas Capital leads local relationships, permitting, business development, and regional facilitation.
- The parties also intend to develop a carbon credits, Verified Carbon Standard (VCS), and Renewable Energy Certificates (RECs) strategy as part of the project structure.
Tersis Technologies Signs Philippines Waste-to-Energy MOU with Pingkas Capital
Tersis Technologies (OTCID: TERS) has announced the execution of a Memorandum of Understanding with JL Equities Cap, LLC, operating as Pingkas Capital, to jointly develop, finance, deploy, and operate waste-to-energy projects in the Philippines using Tersis’s Syngenic V3 technology platform. The MOU was signed on May 25, 2026, and establishes a structured pathway from a flagship deployment in Bataan toward potential expansion across the broader ASEAN region.
The agreement represents Tersis’s first formal commercial foothold in Southeast Asia, combining the company’s proprietary waste-to-energy technology with Pingkas Capital’s established commercial and regulatory relationships within the Philippines. The partnership is designed to address feedstock sourcing, power purchase arrangements, permitting, project financing, and operational deployment through a locally anchored platform.
Partner Roles and Exclusivity Structure
Under the MOU, Tersis will act as technology and operational partner, providing engineering, training, and deployment expertise for Syngenic V3 systems. Pingkas Capital will lead local relationship management, regulatory and permitting coordination, business development, and regional project facilitation.
The agreement grants Pingkas Capital binding exclusivity for the deployment of Tersis technology within the Philippines for an initial twelve-month period, automatically extendable to twenty-four months. Upon commencement of commercial operations at the first project site, that exclusivity converts to full and continuing exclusivity across the Philippines. Upon financial close of the first site, exclusivity automatically extends to all ASEAN member states — opening a regional expansion pathway under the partnership.
“The Philippines presents a compelling combination of feedstock availability, energy demand, and policy momentum behind circular-economy infrastructure. Partnering with Pingkas Capital gives us an experienced local platform to translate the Syngenic V3 technology into real projects on the ground — beginning in Bataan and extending across Southeast Asia,” said Antonio Uccello, CEO and Chairman of Tersis Technologies.
“Tersis brings a differentiated waste-to-energy platform that aligns with the Philippines’ priorities around energy security, waste management, and sustainable development. We look forward to advancing the Bataan project and building a long-term regional partnership with Tersis,” said Erik Javellana, Managing Member of Pingkas Capital.
Carbon Credits and Renewable Energy Certificates
Beyond energy production, the parties intend to establish a strategy covering carbon credits, Verified Carbon Standard (VCS) attribution, and Renewable Energy Certificates (RECs) generated by the projects. This adds a sustainability monetisation layer to the waste-to-energy economics and aligns the project with the Philippines’ broader circular economy and clean energy policy objectives.
Project Entity Structures Under Consideration
The parties are evaluating several legal structures for the project entity, including a Philippine domestic corporation, a PEZA-registered ecozone enterprise potentially located at the Freeport Area of Bataan or the Hermosa Ecozone, a BOI-registered entity, or a Green Lane project under Executive Order 18 (2023). Definitive agreements — covering joint venture terms, technology licensing, operations, and project financing — are anticipated to follow from the MOU framework.
