Modern Water’s China Deals Buoy Forward-Osmosis Pioneer
Published on by Water Network Research, Official research team of The Water Network in Business
Modern Water Plc (MWG) Won Three Contracts inChinaDuring a U.K. Trade Mission Led by Prime MinisterDavid Cameron
The deals are "milestones for Modern Water's work in China" the past five years that has targeted water shortages,energy efficiencyand environmental protection, the Guildford, England-based company said in a statement. No terms were given.
A Beijing signing ceremony included the outlines of a three-way deal with Ottomen Estate Resources and Hangzhou Water for a 500 cubic meter a day forward-osmosis desalination plant on Xugong Island that would be the first in China. Hangzhou Water is China's largest desalination equipment company.
Modern Water supplies advanced systems for water monitoring and treatment. It's attempted to coax more companies to a membrane-based forward-osmosis technology that offers lower energy consumption for contaminated waters than rival reverse-osmosis water purifiers increasingly in demand in water-stressed regions including theMiddle East.
The agreements follow China's latest Five-Year Plan that "identified the need for a large increase in desalination capacity to help better control water shortages and improve environmental protection," Modern Water said today. Thesharesclimbed 16 percent, the most in a year, on more than six times the 90-day average volume to 42.25 pence in London trading.
Source: Bloomberg
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- Desalination