Modern Water PLC Sale of Brine Concentration Plant (7610S)
March 13 2019 - 6:28AM
UK Regulatory
TIDMMWG
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 +44 (0) 1483 696 000
Simon Humphrey, Chief Executive
Cairn Financial Advisers LLP (Nominated Adviser) +44 (0) 207 213 0880
Sandy Jamieson / Tony Rawlinson
Ludovico Lazzaretti
Turner Pope Investments (Broker)
Andy Thacker +44 (0) 20 3621 4120
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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contact rns@lseg.com or visit www.rns.com.
END
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March 13, 2019 07:28 ET (11:28 GMT)
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