The BioHiTech Global Inc. (NASDAQ: BHTG) stock price soars in the current trading session by 23.40%.

BioHiTech(BHTG) combines business analytics and green solutions

BioHiTech Global Inc. (BHTG) is a company that focuses on providing solutions for positive environmental outcome through technology services. The company also has a special patented technology service specifically for solid waste management. This includes conversion of solid waste into biodegradable and renewable fuel, composting of organic waste, and analytical tools for food waste reduction. Essentially what makes its services effective is the ultimate reduction of carbon footprint through a reduction in waste transport and reduce landfill usage.

BioHiTech(BHTG) expands its operations with Carnival Corp.

The news that comes adjacent to the increase in the premarket stock price is the announcement by BHTG for its expansion of its relationship with Carnival Corporation. This expansion comes in the form of an agreement to commit to the provision of the company’s technology services to new brands in an extended region. BHTG expects to fulfill these orders by the second and third quarter of 2021.

BHTG’s unique product solution known as Revolution Series (RS) food digesters received purchase orders of approximately $1.8 million. RS are equipped with BHTG’s latest data analytics platform which consists of the company’s overall-past information to analyze the weight, size, and quantity of food waste that is digested. Furthermore, the Revolution Series also calculates the net food waste and carbon footprint reduction.

Carnival has given more than an $8.4 million purchase order which includes the installation of bio-digesters onboard cruise ships. These cruise ships come under the umbrella of Carnival. The company provides its waste disposal services for large ships and sea vessels. BHTG has received service acquisition orders for 15 more ships which include 2 UK-based and 4 Italy-based cruisers.

2021 is the year of green business and solutions

Overall this is positive news for the expansion of the fundamental operations of the waste solution technology company. This year, companies and businesses are more focused towards green and clean energy-essentially aiming to leave a lesser carbon footprint. This green change in the business environment is going to positively affect the growth of BHTG’s stock and operations.