- Waste and water treatment company De.mem (ASX: DEM) has signed a $1.7 million Build, Own, Operate contract in Singapore
- Under the contract, De.mem will operate a containerised wastewater treatment system on-site at the customer’s factory in Singapore
- The new contract is the second major project for De.mem with the same customer
- De.mem is up 11.32 per cent on market close and is selling shares for 30¢ apiece
De.mem has signed a $1.7 million Build, Own, Operate contract (BOO contract) in Singapore.
Under the contract, De.mem will operate a containerised wastewater treatment system on-site at the customer’s factory in Singapore.
The company’s system will treat the wastewater generated by the customer’s production process to legal discharge standards, so that the wastewater is safe to discharge into the public sewerage system.
The customer is Givaudan, the global leader in the creation of flavours and fragrances with sales of $8.1 billion (CHF $5.5 billion) in 2018.
Givaudan is headquartered in Switzerland with local presence in almost 150 locations, it has more than 13,500 employees worldwide. The new BOO contract is the second major project for De.mem with the same customer.
De.mem CEO Andreas Kroell says the new contract highlights the company’s unique capability to offer Build, Own, Operate solutions to industrial clients.
“Our BOO model offers clients a hassle-free, convenient service. Correspondingly, it provides stable, recurring and long-term revenue streams to De.mem,” Andreas added.
The system will install numerous wastewater treatment processes. The company’s technology is a key treatment step to achieve the desired treatment result.
“De.mem’s BOO and service offering is based on our innovative membrane technology, which gives us a key competitive advantage,” Andreas told the market.
“It is backed by our capability to operate & service integrated water and wastewater treatment plants and the extended range of equipment, consumables and chemicals supplied, also as a result of the recent acquisition of German wastewater treatment chemicals supplier Geutec Industrie- und Abwassertechnik GmbH,” he said.
De.mem is up 11.32 per cent on market close and is selling shares for 30¢ apiece.