- Clean TeQ Water (CNQ) has signed an exclusive distribution agreement with MCC Energy Conservation and Environmental Protection
- The agreement is effective immediately and will see Clean TeQ Water work with MCC Environment to market its BIONEX technology across the steel sector in China
- Following the agreement and a successful pilot, MCC Environment commissioned Clean TeQ to start the design for a large-scale treatment facility at the pilot site
- MCC Environment will also become a non-exclusive distributor of the BIONEX technology for urban and rural sewage treatment outside of the steel sector
- Clean TeQ Water is down 1.11 per cent, trading at 89 cents
Clean TeQ Water (CNQ) has signed an exclusive distribution agreement with MCC Energy Conservation and Environmental Protection to promote its technology in China.
MCC Environment is a subsidiary of the China Metallurgical Corporation of China, a state-owned Chinese company working within the iron and steel industry.
The agreement will be effective immediately. As part of the deal, Clean TeQ Water will work with MCC Environment to promote its BIONEX technology across the steel sector in China.
BIONEX is a Clean TeQ product which is used to selectively remove nitrate from water using ion exchange and concentrates. The brine is then treated to convert the nitrate into harmless nitrogen gas.
The exclusivity will be for an initial period of three years, if minimum revenue objectives are met.
The distribution agreement follows successful conclusion of a pilot at a Tianjin steel factory.
The pilot saw Clean TeQ’s BIONEX technology used to remove nitrate from wastewater effluent without the use of membranes and with minimal brine production. This reduced the operating cost and minimised the environmental footprint.
Following the pilot and this agreement, MCC Environment commissioned Clean TeQ to start the design for a large-scale treatment facility at the pilot site, aiming to commission this plant before the end of the 2022.
“We believe this partnership will dramatically expand our growth potential especially after the planned commissioning of our first large scale plant in China at the beginning of 2022,” CEO Willem Vriesendorp said.
MCC Environment will also become a non-exclusive distributor of the BIONEX technology for urban and rural sewage treatment outside of the steel sector.
Clean TeQ Water was down 1.11 per cent, trading at 89 cents at 1:03 pm AEDT.