Core Insights - CleanGo Innovations Inc. and Agritech BC have signed a Non-Binding Letter of Intent for a proposed 50/50 joint venture to develop and commercialize bioremediation technologies [1][2] - The joint venture aims to leverage Agritech's scientific expertise and CleanGo's commercial infrastructure to meet the growing global demand for sustainable cleanup methods [2][4] - The global bioremediation market is projected to grow from USD 19.8 billion in 2025 to USD 59.5 billion by 2034, with a CAGR of 13.0% [3] Joint Venture Details - The joint venture will focus on three proprietary biotechnologies: MycoSet™ Delivery System, BioIngress™ Biostimulant System, and PhytoCentra™ Surfactant System [6][7] - CleanGo proposes to acquire a 49% ownership stake in Agritech, with both transactions subject to due diligence and board approvals [2][3] - A joint board of directors will be established, with both companies sharing facilities and resources for R&D and deployment [7] Market Strategy - CleanGo will lead international marketing efforts, targeting major markets in the U.S., Europe, Canada, South America, and the Middle East [4] - The partnership aims to position the joint venture as a leader in sustainable environmental restoration, addressing the need for ESG-compliant solutions [4][6] - The collaboration is expected to enhance the commercialization of Agritech's technologies, transitioning them from lab-tested success to global deployment [9]