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MWG Modern Water Plc

2.45
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Modern Water Plc LSE:MWG London Ordinary Share GB00B1XF5X66 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.45 2.40 2.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Modern Water PLC Brine Treatment Plant Opened

04/07/2018 7:00am

RNS Non-Regulatory


TIDMMWG

Modern Water PLC

04 July 2018

Modern Water plc

("Modern Water", "the Company" or "the Group")

World's first brine treatment plant based on Modern Water's AMBC process opened by British Deputy High Commissioner in India

Modern Water plc (AIM:MWG), the owner of leading technologies for water and wastewater treatment, and for the monitoring of water quality, is pleased to announce that the British Deputy High Commissioner of Gujarat, Geoff Wain, will today open the world's first brine treatment plant based on Modern Water's all membrane brine concentration process ("AMBC"). The plant treats technically challenging waste water for Indian chemicals giant Bodal Chemicals, a major international chemicals company and one of the world's leading manufacturer of dyes and dye intermediates. This is a crucial part of an energy-efficient treatment process for a highly saline organic-laden effluent stream from dyes manufacturing operations that achieves zero liquid discharge ("ZLD"), meaning that all waste water is purified and recycled at the end of the treatment cycle. The project was undertaken by Modern Water in conjunction with its partner in India, Advent Envirocare Technology Pvt Ltd ("Advent"), one of India's leading companies focused on the technically challenging industrial wastewater market. Modern Water's AMBC process is based on its proprietary forward osmosis and related processes. AMBC significantly reduces the cost of ZLD plants.

In addition to licensing and designing the AMBC, Modern Water also provided specialist equipment, supervised commissioning of the plant and trained Bodal's operations staff. The plant is now being operated by Bodal's staff under the supervision of Advent.

Simon Humphrey, Modern Water's CEO, said: "We are proud that senior management of Bodal, and the British Deputy High Commissioner have opened what is a world-first. Our partnership with Advent in India is going from strength to strength and we are working hard to replicate the same model of partnership with credible local players in other countries in order to fully commercialise our water treatment technology."

Commenting on the project, Soham Mehta, Advent's CEO said: "Innovative energy saving water treatment technology is needed more and more in India as our environmental regulations become stricter and stricter, often requiring ZLD. Our partnership with Modern Water allows us to offer large international industrial companies, such as Bodal, a way of treating or recycling their water in a cost-effective way to a standard that is world leading."

--Ends--

For further information:

 
Modern Water plc                             +44 (0) 1483 696 000 
Simon Humphrey, Chief Executive 
 
WH Ireland Limited                           +44 (0) 207 220 1666 
Chris Fielding (Nominated Adviser) 
 
Tavistock                                    +44 (0) 207 920 3150 
 
James Collins 
 

Notes to editors:

Modern Water owns, installs and operates advanced membrane systems using its world-leading membrane technologies; and develops and supplies advanced systems for water monitoring. Its shares trade on the Alternative Investment Market of the London Stock Exchange.

www.modernwater.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

NRALFFLLDFIVIIT

(END) Dow Jones Newswires

July 04, 2018 02:00 ET (06:00 GMT)

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