MUCINNO HOLDING, INC. Nano Labs Corp. announced the company has entered into a Joint Venture Agreement with DerTek to launch a research and development, marketing, and manufacturing program to produce Biofuels in North America. The Joint Venture will initially begin in Mexico.
The Joint Venture Agreement outlines the establishment of a new corporate entity in the USA territory for the operational and funding requirements of DerTek. The new company will be responsible for developing, manufacturing and commercializing Biofuels. In accordance with the terms and provisions of the Joint Venture Agreement, DerTek will be 50% equity owner and Nano Labs will be 50% equity owner of this new corporate entity.
