Modern Water PLC Sale of Brine Concentration Plant (7610S)

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RNS Number : 7610S

Modern Water PLC

13 March 2019

Modern Water plc

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

Modern Water sells brine concentration plant to leading global producer of industrial chemicals

 
For immediate release  13 March 2019 
 
 

Modern Water plc, the owner of world-leading technologies for water and wastewater treatment and for water quality monitoring, is pleased to announce that it received a purchase order to supply a proprietary all-membrane brine concentration plant ("AMBC") to one of the world's leading producers of crop protection products, speciality chemicals and other industrial chemicals.

The end client is a substantial international chemicals company that operates in every continent with offices in over 20 countries and customers in 130+ countries. The sale follows successful trials of Modern Water's AMBC by the company at a site in India. The client has over 30 manufacturing sites in countries including the UK, India, France, Spain, Netherlands, Italy, Argentina, China and Vietnam and operates each site to strict international quality standards.

Modern Water's AMBC plant will treat technically challenging waste water and is a crucial part of an energy-efficient treatment process for a highly saline organic-laden effluent stream. The plant will form part of a process that achieves zero liquid discharge ("ZLD"), meaning that all waste water is purified and recycled at the end of the treatment cycle, leaving only a small amount of concentrated dry solids. Modern Water's AMBC process significantly reduces the cost of ZLD plants. The AMBC process is based on the Company's proprietary forward osmosis and related processes.

The project will be 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. In addition to licensing and designing the AMBC plant, Modern Water will also provide specialist equipment, supervise process commissioning of the plant and train the end customer's operations staff, while Advent will undertake project engineering, procurement, supply and installation of the system.

Simon Humphrey, Modern Water's CEO, said: "We are proud that a worldwide chemicals giant has decided to use our AMBC technology. Together with our partners at Advent in India, we look forward to delivering a plant that will help the client treat challenging waste water in a cost-effective and energy-efficient way."

Commenting on the project, Soham Mehta, Advent's CEO, said: "Zero Liquid Discharge and other strict standards have been imposed by legislation in order to make Indian businesses leaders in environmental protection, making it a significant market for Modern Water's proprietary AMBC."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

--Ends--

For further information:

 
Modern Water plc                                            [phone] 
Simon Humphrey, Chief Executive 
 Cairn Financial Advisers LLP (Nominated Adviser)            [phone] 
Sandy Jamieson / Tony Rawlinson 
 Ludovico Lazzaretti 
Turner Pope Investments (Broker) 
 Andy Thacker                                               [phone] 
 
 

Notes to editors:

Modern Water is a pioneering and innovative technology company, specialising in membrane water treatment solutions and advanced monitoring products. The Company works for customers in a range of industries across the globe and owns proprietary technologies for use in a diverse range of applications. Modern Water's Monitoring Division has a portfolio of world-leading toxicity and trace metal monitoring products, some of which constitute the regulatory standard. The headline technology of the Company's Membrane Division, called "AMBC", can be used to tackle complex wastewater treatment problems at a reduced cost compared to standard processes, while being simple to operate.

www.modernwater.com

About Advent Envirocare

Advent Envirocare is a specialised Environmental Engineering, Procurement and Construction Company, entirely focussed on industrial effluent treatment, recycling and zero liquid discharge systems, having completed about 150 projects over last two decades. By bringing latest international technologies to its customers, Advent Envirocare has successfully handled some of the toughest applications in treatment of industrial effluents in coke-oven, pharmaceuticals, speciality chemicals, organic dyes, paints, textiles and petrochemicals sectors. Having completed projects of all sizes, from some as small as 100 m(3) /d to those that are among the largest in the country, Advent Envirocare has demonstrated versatility and capability in catering to customer demand.

www.adventenvirocare.com

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March 13, 2019 07:28 ET (11:28 GMT)