This week proved to be an exciting week in the world of desalination, in which Shanghai Electric, Mekorot, ACCIONA Agua, Tecnicas Reunidas, and ITT’s C’treat Offshore are all making moves. In addition, Sumitomo Electric introduced a new membrane for use in desalination. Check out the full stories on these moves and more:
M&A/ Partnerships
- Kohlberg Kravis Roberts & Co. will invest $113.8 million in United Envirotech Ltd. via 2.5% coupon convertible bonds. The investment will support United Envirotech’s expansion in China’s fast growing water industry.
http://online.wsj.com/article/BT-CO-20110731-705207.html
- Shanghai Electric Co and Baosteel special steel unit signed a strategic cooperation framework agreement to work together on desalination and coastal nuclear power material R&D, and on achieving import substitution.
http://www.steelguru.com/chinese_news/Baosteel_special_steel_unit_and_Shanghai_Electric_ink_strategic_cooperation_framework_agreement/218764.html
Projects
- Mekorot Development & Enterprise, a spinoff of Israel’s national water agency, will establish the fifth large seawater desalination plant, which will produce 100 million m³/year of water (approximately 15% of domestic water consumption) from 2013 at a rate of NIS 2.4/m³ (US$ 0.67/m³), in Ashdod at a cost of $423 million.
http://www.reuters.com/article/2011/08/08/us-israel-desalination-idUSTRE77732720110808
- ACCIONA Agua, as part of a consortium, has commissioned a 25-year contract to operate the Fouka (Algeria) desalination plant, which treats 120,000 m3 of water per day and
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