Finance, Middle East, Chemicals
Malakoff ties up Al Ghubrah desalination finance
Malakoff Corporation Berhad announced on 26 July 2013 that it had signed the financing agreements of the 42 MIGD (191,000 m³/d) Al Ghubrah independent desalination project in Oman.
Gulf red-tide early-warning system funding 'soon'
A new early-warning system in the Gulf for harmful algal blooms (HABs), also known as red tides, using satellite imagery, remote sensing, and modeling could be one result of a conference on HABs held on 16‑17 April 2014 by the Middle East Desalination Research Center (MEDRC).
Fernandez to boost ACWA's PPP push in MENA
Leading Spanish economist Luis Fernandez has joined environmental solutions provider ACWA Emirates as chief officer concessions for the Middle East/North Africa (MENA) region to provide in-depth support for the company's drive into the public-private partnership (PPP) sector.
MEDRC announces 2012 scholarship deadline
The Middle East Desalination Research Center (MEDRC) has announced its 2012 Scholarship Fund for students from the Middle East and North Africa (MENA).
IFC to support large Moroccan desalination project
The International Finance Corporation (IFC), part of the World Bank, signed an agreement on 4 May 2010 with the government of Morocco to support private investment in a new desalination and irrigation plant that will help improve the water supply to a vital agricultural region.
Finance secured for Palmachim desalination expansion
Financing for the expansion of Israel's Palmachim desalination plant from its current capacity of 30 million m³/year up to 45 million m³/y and ultimately even to 100 million m³/y was closed on 16 August 2009 by the Derech Yam Company.
Al Dur desalination financing tied up
Gulf Investment Corporation (GIC) and GDF Suez announced on 26 July 2009 completion of the limited recourse financing of the US$ 2.1 billion Al-Dur Independent Water & Power Producer (IWPP) project , which includes a 218,000 m³/d seawater reverse-osmosis desalination plant as well as a 1,240 MW combined-cycle gas-turbine power plant.
PWT to be represented by Omya in EMEA region
Professional Water Technologies announced on 6 September 2011 that it had signed a sales representative agreement with Omya International AG, a leading global producer of industrial minerals, and a worldwide distributor of chemical products.
Private players are reshaping desalination says report
Private water companies are "reshaping global desalination" with nine of the top ten capacity additions in 2015 coming from private sector players according to market researcher Bluefield Research.
Japanese giants buy Metito stake
Japanese companies Mitsubishi Corporation (MC), and Mitsubishi Heavy Industries, (MHI), have acquired a joint 38.4% stake in United Arab Emirates-based water management company Metito for an undisclosed sum.
NanoH2O confirms its acquisition by LG Chem
Desalination membrane manufacturer NanoH2O confirmed on 12 May 2014 the finalization of its sale to Korea's LG Chem on 30 April 2014.
Hyflux sees Dahej desalination funding 'within year'
Hyflux has extended the time it foresees for financial closure on its Dahej seawater desalination plant in India to "within this year".
EOI request is out on Jubail phase 3 desal mega-project
Saudi Arabia's Water and Electricity Co has requested expressions of interest on Jubail phase 3, an integrated water and power project to include 1.17 million m3/d of desalination.
California board offers low-interest water‑reuse finance
California's Water Resources Control Board (WRCB) has approved new low-interest financing terms for water-recycling projects that can be completed within three years of governor Jerry Brown's drought declaration on 17 January 2014.
Biwater gets Barclays backing for Caribbean SWRO plant
A Caribbean water and wastewater project, including a 10,400 m³/d seawater desalination plant, has received financial backing worth US$ 43 million from Barclays, backed by a UK Export Finance Guarantee.
Seven Seas hires ex-ContourGlobal VP as CFO
Florida-based Seven Seas Water Corporation announced on 17 December 2013 that Lee Muller has joined the company as senior vice president, chief financial officer (CFO) and a member of the executive committee.
KfW signs Djerba desalination loan agreement in Tunisia
Tunisia's Société Nationale d'Exploitation et de Distribution des Eaux (SONEDE) signed an agreement on 22 August 2013 with the German development bank KfW for a loan of around € 60 million for the Djerba seawater desalination plant.
Saudi's WEC seeks developers for Rabigh 3 IWP mega plant
Saudi Arabia's Water and Electricity Company (WEC) is seeking expressions of interest for a mega SWRO project in Rabigh, north of Jeddah.
Billiton clears finance for 216,000 m³/d Chile desalination
An investment of US$ 1,972 million was approved by mining giant BHP Billiton on 25 July 2013 for its 216,000 m³/d seawater desalination plant in Escondida, Chile.
Palestinian president gets UfM Gaza desalination report
A detailed report regarding the progress of the Gaza Desalination Facility project was presented to the Palestinian president, Mahmound Abbas, at a meeting on 17 June 2013 by the Union for the Mediterranean (UfM).
Arizona RO plant opens solar-energy system
A 459 kW photovoltaic (PV) solar power system has been completed at the Reverse Osmosis Water Treatment Facility for the Town of Gila Bend, Arizona, by Solon Corporation, the company announced on 13 February 2013.
Qingdao desalination plant starts commercial operation
Spanish company Abengoa has begun commercial operations at the 100,000 m³/d desalination plant in Qingdao in Shandong province, the second largest commercial port in northern China.
Hyflux looking for Tuaspring desalination finance
Singapore desalination provider Hyflux Ltd announced on 11 January 2013 that it was starting financing discussions for the Sing$ 1.05 billion (US$ 855 million) Tuaspring Desalination Plant in Singapore.
Work on Carlsbad should start early in 2013
Work on the 189,000 m³/d Carlsbad seawater reverse-osmosis desalination plant is expected to start early in 2013, following approval by the board of the San Diego County Water Authority (SDCWA) on 29 November 2012 of the water-purchase agreement between SDCWA and Poseidon Resources, developers of the desalination plant.
Almogordo mobile desalination project in train
A mobile desalination facility to treat 4,000 acre-ft per year (af/y) (4.9 million m³/y) near Almogordo, New Mexico, moved closer to realisation when the City Commission approved an approach for a US$ 2.7 million loan/grant from the New Mexico Finance Authority on 1 November 2012.
Turks 'strong interest' in financing Gaza desalination
The Union for the Mediterranean (UfM), which is promoting the Gaza Desalination Facility in Palestine, says that the Turkish government has expressed its strong interest in supporting the project, and a financial commitment will be discussed with the prime minister in the coming weeks.
ADWEA issues RfP for Mirfa power and desalination
The Abu Dhabi Water & Electricity Authority (ADWEA) last week issued a request for proposals from prequalified bidders for its build‑own‑operate extension of power generation and reverse osmosis (RO) water desalination at Al Mirfa.
Loans for Texas town proposing direct potable reuse
The Texas Water Development Board (TWDB) on 20 September 2012 approved loans totalling US$ 12 million to the City of Brownwood from the Texas Water Development Fund to finance wastewater system improvements, including possible direct potable wastewater reuse (DPR).
Carlsbad desalination agreement to be published soon
A proposed purchase agreement for water from the Carlsbad Desalination Plant will be released to the public later in August, the San Diego County Water Authority (SDCWA) announced after a special meeting of the board on 9 August 2012.
Sydney desalination plant may not restart for 3 years
Sydney's 250,000 m³/d desalination plant is to be switched off on 1 July 2012 and may not be restarted for three years.
SDCWA considered Carlsbad desalination size reduction
Some of the thinking of the San Diego County Water Authority (SDCWA) about the ongoing negotiations over the purchase of water from the Carlsbad desalination plant were revealed at a special board of directors meeting on 14 June 2012.
Desalination / reuse part of large EIB loan to Spain
Desalination plants, water-reuse schemes and connections from them to water networks will be among schemes funded by a € 350 million loan from the European Investment Bank (EIB) to the Spanish government agency Acuamed.
IPO in summer for China's H2O Solutions
Shanghai-based H2O Solutions announced on 11 May 2012 that the company, which specializes in nano-membrane purification and multi-charged plate desalination technologies, was taking its stock public in the summer of 2012.
Is water in the grip of a skills crisis?
In an engineering-heavy sector such as water, it's a truism that well qualified people are thin on the ground. But is it more accurate to say that the global water industry in the grip of a skills crisis?
How we delivered Az Zour North phase one
"With hindsight we were very lucky to get everything through on time and that our construction partner Hyundai Heavy Industries was on time. Fortunately we escaped a lot of those little wrinkles that need sorting out during construction, and can drag on and on, and so we kept to time," says Andy Biffen, chief executive of project delivery vehicle Az Zour Shamal.
Financial meetings held over Gaza desalination project
The Union for the Mediterranean (UfM) announced on 18 January 2012 that a delegation headed by deputy secretary general Rafiq Husseini visited Kuwait and Saudi Arabia during the previous week to present the Gaza water desalination project to financing institutions.
Ashdod desalination financing agreement signed
A financing agreement Tuesday to build and operate the Ashdod desalination plant in Israel for 25 years was signed on 13 December 2011 by a subsidiary of state-owned national water company Mekorot.
Djibouti 'planning desalination plant with EU aid'
The government of Djibouti in east Africa is planning to build a 45,000 m³/d desalination plant with European Union (EU) finance, according to a report in Gulf News on 4 December 2011.
Lessees sought for Sydney desalination plant
The government of the Australian state of New South Wales (NSW) has called for registrations of interest (ROIs) for the long-term lease of Sydney's three-year-old 250,000 m³/d desalination plant.
GES takes control of Palmachim desalination plant
Global Environmental Solutions Ltd (GES) will take control of Israel's Palmachim seawater desalination plant after its acquisition of the 28% stake in the plant's facility company, Via Maris, previously held by Tahal Group International BV.
Palmachim only Israeli desalination plant to agree extension
Only one of the three existing large desalination plants in Israel asked to submit proposals to the government for increasing their output has come up with an offer.
CalAm seeks resolution of Monterey desalination finances
California American Water (CAW) has invoked a disputes procedure in continuing wrangles with its partners in the proposed Monterey Regional Desalination Project.
Ashdod desalination agreement finally signed
The agreement was finally signed in Israel on 8 August 2011 to establish Israel's fifth large seawater desalination plant at Ashdod through Mekorot Development & Enterprise, a spinoff of the national water agency.
Ashdod desalination plant gets financial approval
Israel's Ministerial Tender Committee for Desalination, under the Finance Ministry, announced on 7 July 2011 that it had accepted the proposal from national water company Mekorot to build the seawater desalination plant in Ashdod.
Groundbreaking follows Singapore II desalination finance deal
A day after Hyflux Ltd announced that it had secured financing for the second Singapore seawater desalination plant, a groundbreaking ceremony took place on 5 July 2011 at the International Water Week linked by video to the site.
Agreement at last on Ashdod water price
Israel's national water company, Mekorot, is reported to have won its battle against the Ministry of Finance over the price of water from the upcoming Ashdod desalination plant.
Bahamas desalination plant production to be expanded
Consolidated Water Co Ltd announced on 1 February 2011 that it has entered into a binding letter agreement with its customer, the Water & Sewerage Corporation (WSC), to increase the daily production capacity of its Blue Hill plant in Nassau, Bahamas, by approximately 67% to 12 million GPD (45,000 m³/d) compared with the plant's current capacity of 7.2 million GPD (27,000 m³/d).
November deadline for Singapore papers
Papers have been invited for the Water Convention held as part of the Singapore International Water Week, 4-8 July 2011.
UNEP report informs financiers about power-water relationship
The opportunities available to financial institutions to encourage the adoption of best practices, which may include the introduction of eco-friendly technologies, such as membrane technology to recycle wastewater, are stressed in a report just published by the UN Environment Programme's Finance Initiative (ENEP FI).
UK government underpins water works in Iraqi Kurdistan
UK water engineer Biwater has won a $1.2 billion contract from Kurdistan Regional Government (KRG), Iraq, to deliver new and upgrade water projects in the region.
Netanyahu steps into Ashdod desalination argument
Prime minister Binyamin Netanyahu has ordered Israel's national water authority, Mekorot, the Finance Ministry and the Infrastructure Ministry to submit proposals for a cost-effective desalination plant in Ashdod within 30 days, according to Israel National News (Arutz Sheva).
Russia sets up water treatment membrane development project
The Russian Corporation of Nanotechnologies (Rusnano) is to finance a project for producing nanostructured membranes and separation modules for water treatment in various industries.
Hyflux and JBIC in collaboration agreement
Singapore water treatment and desalination firm Hyflux has entered into an agreement with the Japan Bank for International Cooperation for global collaboration on water projects.
US Ex-Im Bank claims first ECA carbon policy
The US Export-Import Bank is claiming to be the first export credit agency (ECA) to adopt a comprehensive carbon policy after announcing on 3 November 2009 a new policy to guide its support of US exports in light of climate change concerns.
Poseidon disputes FWW Carlsbad finance figures
Poseidon Resources described as "erroneous information" figures in a press release issued on 30 October 2009 by consumer group Food & Water Watch (FWW) related to finance for the Carlsbad desalination project.
IDA-GWI conference to be held in Paris in 2010
The annual conference held jointly by the International Desalination Association and Global Water Intelligence is to be held next year in Paris on 26-27 April 2010.
Bank Hapoalim heads Ashdod desalination financing
Bank Hapoalim is to head a syndicate that will provide NIS 1.5 billion (US$ 395 million) for the Ashdod desalination plant for Mekorot National Water Company subsidiary Mekorot Development and Initiations Ltd.
RWL-led Mexico seawater desalination project starts construction
A consortium of RWL Water Group and Mexico's, Libra Ingenieros Civiles and RJ Ingenieria has begun construction of 22,000 m3/d reverse osmosis (RO) seawater desalination plant in Mexico's Baja California.
US$ 2.9 billion Melbourne desalination contract goes to Degremont group
The Suez/Degremont-led consortium Aquasure has been awarded the contract to build the 150 million m³/year seawater desalination plant for Melbourne, Australia.
Moody's rates water district high positive on back of Huntingdon proposal
Credit rating agency, Moody's Investors Service, has given a positive credit appraisal to the Orange County Water District's (OCDW's) approval of a non-binding arrangement to buy 70,000 Ml of water from Poseidon Water's proposed Huntington Beach desalination plant in California.
Befesa closes Quindao desalination finance
Spanish contractor Befesa announced on 23 July 2009 that its subsidiary Befesa Water has closed financing for the design, construction and operation over 25 years of a 100,000 m³/d seawater desalination plant in Qingdao, China.
US export finance boost for water and energy projects
US exports for renewable-energy, water and nuclear-power projects approved after 1 July 2009 are eligible for a maximum repayment term of up to 18 years under export financing provided by the Export-Import Bank of the United States (Ex-Im Bank).
Hadera desalination extension finance fixed
Financing worth US$ 80 million has been agreed for the 74,000 m³/d expansion of the Hadera reverse-osmosis desalination plant in Israel, IDE Technologies announced on 3 July 2009.
Barclays to assist with Carlsbad desalination financing
Poseidon Resources announced on 17 June 2009 that it has selected Barclays Capital as its financial advisor in connection with the financing of its 50 MGD (189,000 m³/d) reverse-osmosis seawater desalination plant in Carlsbad, California.
World faces water bankruptcy, says Davros report
The world is on edge of water bankruptcy in many places "with no way of paying the debt back." That is the conclusion of a report published as a result of the World Economic Forum meeting at Davros at the end of January 2009, which warns that "the consequences for regional economic and political stability will be serious."
Befesa ties up Tenes project finance
Madrid-based contractor Befesa, through its subsidiary Befesa Agua, announced on 1 December 2008 closure of the US$ 185 million financing for the design, construction, funding and 25-year operation of the Tenes seawater desalination plant in Algeria.
Veolia-led group refinances Oman project
Oman's Veolia-led Sharqiyah Desalination Company has refinanced its existing debt of US$ 120.8 million and raised new debt of US$ 42.7 million to fund its expansion of its reverse osmosis water desalination plant at Sur, in the sultanate.
Energy Recovery announces deal duo
Industrial fluid pressure technology company, Energy Recovery, has announced its second US$ 1.8 million deal in recent weeks at sites in the Middle East and North Africa region. The latest win to supply its PX Pressure Exchanger system was for a 68 Ml/d desalination plant at an undisclosed site in the Middle East. It closed an earlier, similar deal in Morocco.
Energy Recovery wins deals totalling US$ 10.3 million in Asia and Middle East
Pressure energy technology specialist, Energy Recovery, has won US$ 10.3 million in project awards to install its PX Pressure Exchanger technology in desalination plants in Asia and the Middle East.
Hyflux poised for global diversification says chief
Anticipated growth in the global desalination market is expected to help diversify revenue from Asia to the Middle East and African markets for Singapore water company, Hyflux, according to its chief executive Olivia Lum.
Environnement in global revamp
Suez Environnement has merged its Degrémont subsidiary into its international operating division under a major restructuring of the group's operations outside of Europe that will create five new regional businesses.
Hyflux forecasts end to Middle East desalination doldrums
Following its recent landing of its first major Middle Eastern municipal water contract in five years, Singapore water treatment firm Hyflux said it anticipated demand in the region to accelerate.
Sonitec-Vortisand appoints MENA manager
Canada-based Sonitec-Vortisand has appointed Nikhil Bhatia, as regional manager for its newly formed subsidiary, Sonitec-Vortisand Middle East and North Africa (MENA).
GDF Suez bags Lahmeyer
GDF Suez' consultancy arm, Tractebel Engineering, has bought Germany-based water and energy consultancy Lahmeyer International from financial investment firm Capiton.
Middle East pump sales to top US$2 billion next year
The Middle East will spend nearly $2.2 billion for pumps next year according to market researcher the McIlvaine Company.
MEDRC to run two RO courses in May 2014
The Middle East Desalination Research Center (MEDRC) in Oman is running two three-day courses on operation of reverse-osmosis (RO) plants in May 2014:
MEDRC to run membrane courses in Oman
The Middle East Desalination Research Centre (MEDRC) has obtained an exclusive license to present two David H Paul seminars in the Middle East/North Africa region.
ERI pressure-exchangers chosen for Fujairah expansion
Acciona Agua has chosen Energy-Recovery Inc to provide its PX® Q line of energy-recovery devices (ERDs) for the Fujairah 1 Expansion desalination project in the UAE.
New MEDRC director looks at Middle East cooperation
Ciarán Ó Cuinn, currently executive director for external and strategic affairs at Dublin City University, Ireland, is to become director of the Middle East Desalination Research Center in Oman.
Reynolds to lead CH2M Hill in MENA and India
Chartered engineer Neil Reynolds has been appointed regional managing director for CH2M Hill's operations in Middle East/North Africa (MENA) and India.
First Middle East desalination job for Abengoa
Spanish contractor Abengoa has been contracted by ACWA Power International Company to to build a 10 MIGD (45,000 m³/d) desalination plant in Barka, Oman.
Egyptian SWRO plant to use ERI pressure exchangers
Egypt's largest desalination plant being built at Marsa Matrouh is to be supplied with Pressure Exchanger (PX) energy-recovery devices by Energy Recovery Inc of California.
MEDRC to stage World Water Forum event
The Middle East Desalination Research Center (MEDRC) is to stage a side event at the 6th World Water Forum, which takes place in Marseille, France, on 12-17 March 2012.
KAUST hosts EMS desalination/reuse school
The European Membrane Society has announced a week-long Middle East school of membrane technology at the King Abdullah University of Science & Technology (KAUST) in Saudi Arabia.
Oman desalination workshop to look at red tides
Experts from the Middle East and Australia are organizing a joint expert workshop on the dangers for desalination plants of harmful algal blooms (HABs), commonly called "red tides" in Oman on 8- 9 February 2012.
RO plant commissioned for US military base
A reverse-osmosis (RO) drinking-water plant supplied by ThermoEnergy Corporation to a major US military base at an undisclosed location in the Africa/Middle East region was commissioned in early December 2011.
Acciona Agua makes two new MENA appointments
Spanish desalination company Acciona Agua has appointed José Díaz-Caneja as development manager, Middle East and North Africa.
Barclays backs US$ 43 million Biwater British Virgin Islands project
Barclays Corporate and Investment Banking has awarded a two-tranche, US$43 million finance facility to Biwater to fund the construction of a seawater desalination, water storage and wastewater plant on Tortola - the largest and most populated of the British Virgin Islands.
Desalination to grow by 9% up to 2016, says report
Global installed desalination capacity is expected to grow by about 55 million m³/d over the period 2010-2016 at a compound annual growth rate of more than 9%, according to a new report from Pike Research.
Sasakura eyes large Middle East desalination units
Sasakura Engineering Co is teaming up with fellow Japanese company Itochu Corp to enter the business of large-scale desalination plants in the Middle East.
MEDRC announces new director and deputy
Netherlands ambassador Ronald Mollinger was officially announced as the new director of the Middle East Desalination Research Center (MEDRC) in Oman on 21 January.
Wastewater leads membrane chemicals charge
Growth in the global membrane chemical market to 2020, will be led by the wastewater sector according to market analyst Future Market Insights (FMI). And desalination was expected to witness the highest compound annual growth rate (CAGR) of 11.4% in the global membrane chemicals market between 2014 and 2020.
New distributors and EU compliance for PWT
Membrane chemicals supplier Professional Water Technologies (PWT), the US arm of Canada's H2O Innovation, recently signed agreements with two new distributors in Brazil and Argentina, increasing its presence in South America.
Desalination tops user growth in membrane chemicals
The global market for membrane chemicals was worth US$ 1,013.8 million in 2013 and is expected to show a compound annual growth rate (CAGR) of 8.1% to 2020 according to a report by market researcher, Future Market Insights. And desalination was expected to witness the highest end use sector growth of 11.4% between 2014 and 2020.
BWA Additives acquired by Bahrain bank
United International Bank BSC, an investment bank headquartered in Bahrain, announced at the end of September 2008 its acquisition of the UK-based BWA Water Additives, a leading water treatment solution provider from Close Brothers Private Equity Ltd.
China's CCCC tables a $650 million bid for IDE Technologies
Hong Kong Stock Exchange-listed China Communications Construction Company (CCCC) has bid $650 million for IDE Technologies, reports Engineering News-Record.
Port of Corpus Christi, Texas, eyes a deal on part-built desal plant
Commissioners at the Port of Corpus Christi in Texas, US, have voted to bid for a desalination plant that is up for sale following the bankruptcy of plastics manufacturer M&G Chemicals, reports Caller Times.
H2O Innovation to buy Piedmont Pacific
Canada's H2O Innovation Inc announced on 25 November 2013 the signing of an agreement to purchase all of the issued and outstanding common stock shares of Piedmont Pacific Corporation, the Oakland-based flexible pipe couplings manufacturer, for a total consideration of approximately Can$ 4.0 million (US$ 3.8 million).
Canadian low-energy desalination gets government boost
Saltworks Techologies Inc's low-energy desalination project is to receive up to Can$ 580,000 (US$ 577,000) from the Canadian government via Sustainable Development Technology Canada (SDTC).
M&G Chemicals to sell Texas desalination facility amid bankruptcy
M&G Chemicals is to sell a desalination facility at its unfinished resins factory in Corpus Christi, Texas, as part of a wider divestiture, reports ICIS.