Reinforcing Fluence's leading position in the US$6.1B Food and Beverage water and wastewater treatment market, the Company has been awarded a US$1.7M contract by Irotop S.A., a leading fish processor in Ecuador
Wins Fish Processing Treatment Contract in South America
This success follows recent contracts won in Ecuador, Italy, Brazil and Argentina and confirms Fluence's leading position in delivering smart decentralized wastewater solutions to customers in the international food and beverage production market.
"Water and wastewater solutions in the global Food and Beverage market are estimated at around US$6.1B, with this market growing at over 6% annually (see Note below). Fluence has secured this mandate by leveraging its experience with food companies internationally, such as Tadel S.A., The Eurofish Group, and poultry companies in Italy and Brazil," said Henry Charrabe, Fluence's Managing Director and CEO. ''Fluence has developed a strong expertise in these wastewater treatment applications including its innovative anaerobic digestion technology. We help our customer's operations become more sustainable by reducing their reliance on external water, energy, and by recycling highly polluted effluents after treatment. Our smart solutions also produce substantial anticipated cost savings, resulting in a short pay back for our clients.''
Processed fish is Ecuador's fourth largest export segment, generating an estimated US$896M each year. As Ecuador updates its current fisheries and aquaculture law to meet international standards, local fish processing companies are adopting sustainable technologies to ensure they can contribute positively to the nation's global, long-term trade balance. These practices empower the fish processing and wastewater treatment companies to comply with regulations, protect the local water supply and shrink their operations' ecological footprint.
In addition to the Irotop S.A. project award, the newly built Smart Decentralized Wastewater Treatment plant by Fluence for Tadel S.A., a fish rendering plant in Ecuador, was successfully commissioned last month. This is the first wastewater reuse plant in the fish processing industry in Ecuador, confirming Fluence's position as an industry leader for wastewater reuse applications internationally.
Note: Global Water Market 2017, GWI www.globalwaterintel.com
About Fluence Corporation Ltd
Fluence Corporation (ASX:FLC) (OTCMKTS:EMFGF) has experience operating in over 70 countries worldwide and employs more than 300 highly trained water professionals around the globe. The Company provides local, sustainable treatment and reuse solutions, while empowering businesses and communities worldwide to make the most of their water resources.
Fluence offers an integrated range of services across the complete water cycle, from early stage evaluation, through design and delivery to ongoing support and optimization of water related assets. With established operations in North America, South America, the Middle East and Europe, Fluence is also expanding into China's rural wastewater treatment market.
Global consultancy Frost and Sullivan recently awarded Fluence Corporation "2018 Global Decentralized Water and Wastewater Treatment Company of the Year", noting in their award dissertation:
"While typical decentralized water treatment systems are relatively expensive, complicated, and inefficient, Fluence Corporation leverages innovative and smart technology solutions backed by decades of industrial know-how to excel in water and wastewater treatment solutions. Fluence's excellence becomes apparent through its success, as the company continues to expand its existing offerings as well as partnerships with other prominent companies in the industry. With its easy to use, sustainable, smart and cost-effective solutions as well as a remarkable year of growth, innovation, and leadership, Fluence Corporation earns Frost & Sullivan's 2018 Global Company of the Year Award in the decentralized water and wastewater treatment industry."
Further information can be found at http://www.fluencecorp.com/
Fluence Corporation Ltd