China is the largest producer of waste water globally with a market size estimated to be worth A$20bn.
Australian water and waste-water treatment specialist De.mem Limited (ASX:DEM) has signed a non-binding Memorandum of Understanding (MOU) which it hopes will allow it to expand its business into the giant Chinese market.
The MOU has been reached with Virtual Curtain China Limited (VCCL), a waste water treatment business backed by a technology from Australia’s CSIRO, with the two companies to jointly pursue a number of imminent market opportunities in the Chinese nuclear, mining and minerals, and coal-to-chemical sectors.
Under the terms of the MOU, De.mem will partner with VCCL to jointly pursue a number of opportunities where VCCL is in advanced discussion, with De.mem’s proprietary Nanofiltration technology and engineering capabilities seen as being complementary to VCCL’s technology for the identified projects.
De.mem CEO Andreas Kroell, said the Chinese market represents a key growth opportunity for De.mem.
“De.mem’s technology and significant experience in the mining and resources sector following the recent acquisition of Akwa-Worx will complement the opportunities being pursued with VCCL,” he said.
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VCCL is a Hong Kong company that holds the exclusive rights to the greater China market for the hydrotalcite wastewater treatment technology (HT-Technology), patented and developed by the Commonwealth Science and Industrial Research Organisation (CSIRO).
It has developed a significant pipeline of potential industrial wastewater treatment projects in China, initially focusing on the mining and minerals, nuclear, coal-to-chemicals, and petro-chemicals sectors with prospective high-profile clients, with a sample of these prospective clients following:
China is the largest producer of waste water globally with a market size estimated to be worth A$20bn. Each year China produces approximately 68 billion tonnes of wastewater.
To improve water quality and efficiency across the Chinese Government has implemented the ‘Ten Measures of Water Policy’ which seeks to control pollution discharge, promote economic and industrial transformation and save and recycle resources.