The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Clean TeQ Water (CNQ) signs a $10 million contract for the Townsville Water Treatment Facility project in Queensland
  • Clean TeQ and local civil partner A. Gabrielli Construction (AGC) will design and construct the Townsville City Council’s new recycled water treatment facility
  • The facility will be built at the Cleveland Bay Purification Plant to produce up to 15 megalitres of water per day for industrial and irrigation users
  • Clean TeQ plans to deliver the contract works in the third quarter of next year, and the facility is expected to be operational by the end of 2023
  • Company shares are up 3.95 per cent to 39.5 cents at 3:09 pm AEDT

Clean TeQ Water (CNQ) has signed a $10 million contract for the Townsville Water Treatment Facility project in Queensland.

The company signed the contract with local civil partner A. Gabrielli Construction (AGC) to deliver a recycled water treatment facility at the Townsville City Council’s (TCC) Cleveland Bay Purification Plant.

The facility will produce up to 15 megalitres of water per day for industrial and irrigation users.

AGC is the head contractor of the project and is responsible for the integrated design and construction of the recycled water treatment facility, including all civil and infrastructure works.

Clean TeQ Water will be responsible for the design and construction of the specified water treatment process and equipment to produce the ‘Class A’ water.

Under the contract, the company may increase the plant’s capacity to 20 megalitres of water per day and upgrade the treatment technology to reach a higher quality of water for reuse.

“Clean TeQ Water is delighted to sign this contract and to continue our work with AGC to deliver this advanced water treatment and recycling plant, a central pillar for the future water security of the region,” CNQ CEO Willem Vriesendorp said.

“We hope other regions will follow the Townsville example to treat and recycle municipal effluent instead of disposing to the environment.”

Clean TeQ expects to deliver the contract works in the third quarter of next year, and the facility is targeted to be operational by the end of 2023.

Company shares were up 3.95 per cent to 39.5 cents at 3:09 pm AEDT.

CNQ by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Bourse finishes week on a high as Wisetech pummeled | November 22, 2024

The ASX200 closed up 0.85% at 8,393 points. Economists increasingly expect interest rates in Australia won’t…
The Market Online Video

HotCopper Highlights: Your most watched stocks for Week 47, 2024

In this segment we’ll look at the top stocks HotCopper users have been watching, and discussing,…
Nuclear explosion mushroom cloud concept

Week 47 Wrap: HotCopper users’ most watched; Brent lifts on Putin’s scary letter; RFK dents CSL

Welcome to the end of another week. Let's start with what HotCopper users have been watching…
Dale Gillham's photo, and wording 'Words from Wealth Within's Chief Analyst Dale Gillham.

Dale Gillham’s weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

The $8.8 billion dollar merger between Sigma Healthcare and Chemist Warehouse is poised to reshape the Australian pharmacy landscape, consolidating power in th…