Thermoenergy Corp. announced that the company has signed a term sheet to form a joint venture with Logica Eko. Under the term sheet signed by ThermoEnergy and Logica Eko, the companies are forming a joint venture to use ThermoEnergy equipment and engineered systems to produce biogas from landfills and fertilizer and biogas from ammonia and other byproducts of the palm oil processing process. The biogas can then be used to produce electricity to sell to the grid. In addition, the technology will reduce emissions of methane from the landfills and palm oil plants to the atmosphere, making it possible to sell carbon credits. The joint venture also takes advantage of the recently passed free trade agreement between Colombia and the United States. The agreement allows ThermoEnergy's equipment to be shipped duty free to Colombia. From there, Logica Eko expects to be able to sell ThermoEnergy's equipment effectively in other markets, such as Brazil.