Business

H2O Innovation Wins New $12M Water Treatment Project, The Canadian Business Journal

All amounts are in Canadian dollars unless otherwise stated.

QUEBEC CITY, SEPTEMBER 22, 2022 (GLOBE NEWSWIRE) — (TSX: HEO) – H2O Innovation Co., Ltd. (“H2O Innovation” or “Corporation”) is pleased to announce that its Water Technologies & Services (WTS) business line recently won 10 new water treatment projects. These new contracts total $12 million, bringing WTS’s backlog to $46 million. New projects come from four municipal customers and his six industries. The combination is focused on industrial projects and is in line with the company’s three-year strategic plan.

One of the projects concerns water reuse in the aquaculture sector. H.2O Innovation was selected to complete the design, manufacture and commissioning of this recycling system including reverse osmosis (RO), granular activated carbon (GAC) and UV disinfection technology. Water is the heart of any aquaculture facility, with 30 MGD (113 550 m3/day) amount of water for aquatic species being farmed. Due to local supply constraints, a treatment system is required to increase the amount of water available at this facility. This treatment approach is a first for the aquaculture industry. A project of this type is H.2O Innovation will not only provide the capital equipment for this facility, but will also be well-suited to provide technical services, specialty chemicals and consumables in the future. The existing system is also operated by an operations and maintenance (O&M) team located in New York State.

Two of these new projects involve the production of soy-based biofuels. Ethanol stands out as a cost-effective solution with significant environmental, social and economic benefits, hence the H2O Innovation believes bioethanol is the key to creating a greener future. To that end, the company has provided equipment, chemicals, services and consumables to more than 90 bioethanol facilities in the United States and Canada over the past 20 years. These two new RO systems have a capacity of 660,000 GPD (2,500 m3/day) and 375,000 GPD (1,400 m)3/ day), contributing to the growth of the biofuel sector. “The water we process powers facilities that produce bioethanol, a fuel that emits 46% less greenhouse gases than gasoline. , and governance (ESG) goals, demonstrating our commitment to the industry.” Gregory Madden, Chief Strategy Officer at H, said:2〇Innovation.

H.2O Innovation is 1.4 MGD (5,300 m3/day) A desalination project to turn highly saline seawater into potable water in the Baja Peninsula, Mexico. A unique feature of this project is the FEDCO Bi-Turbo, a high recovery RO design that optimizes the treatment process, reduces total water costs, improves membrane performance and reduces energy consumption. .

future disclosure
Certain statements contained in this press release regarding the operations and activities of H.2Innovations and other communications by us to the public that describe our more general business goals, forecasts, estimates, expectations or projections may constitute forward-looking statements within the meaning of securities laws. Forward-looking statements relate to analyzes and other information based on projected future results, performance and achievements and estimates of amounts that cannot yet be determined. These forward-looking statements are based on management’s current expectations and involve a number of known and unknown risks and uncertainties that, as a result, may affect our actual and future results, performance and achievements. may differ materially from the forward-looking statements set forth above. – statements regarding prospects such as our ability to execute, complete or deliver these projects on a timely basis at no additional cost; This is primarily due to the challenges posed by global supply chains and our ability to generate expected synergies within our operations. pillar. Information about the risk factors to which we are exposed can be found in our Annual Information Form dated September 27, 2021, available on SEDAR (www.sedar.com).

About H.2〇Innovation
Innovation is our name and that’s what drives our organization. H.2O Innovation is a complete water solutions company focused on providing best-in-class technology and services to its customers. The Corporation’s activities rely on his three pillars: A set of businesses that manufacture and supply a complete line of specialty chemicals, consumables and engineering products for the global water treatment industry; Provide related services. Through innovation, we strive to simplify water. For more information, please visit www.h2oinnovation.com.

sauce:
H.2O Innovation Co., Ltd.
www.h2oinnovation.com

contact:
Marc Blanche
+1 418-688-0170
[email protected]


CBJ Newsmaker

H2O Innovation Wins New $12M Water Treatment Project, The Canadian Business Journal

Source link H2O Innovation Wins New $12M Water Treatment Project, The Canadian Business Journal

Related Articles

Back to top button