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Beskrivning
| Land | Norge |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Energi & Miljö |
| Industri | Miljö & Återvinning |
MVW: M Vest Water announces first sales in the Middle East Oil & Gas Produced Water Treatment market
2024-04-03 07:00:00
Bergen, Norway, April 3, 2024 – M Vest Water (EURONEXT: MVW) today announces that, through an established partnership, MVW has been awarded the supply of process equipment and chemicals for an especially important Produced Water Reuse project in the Middle East. The MVW supply includes the NORWAPOL® and the NORWAFLOC® technology as an integrated part of a larger environmentally sustainable treatment system designed to bring polluted Produced Water to valuable reuse. Scope of delivery includes the sale of a complete NORWAPOL® system comprising 3 polishing filters, chemical dosing stations, and the long-term supply of our environmentally friendly NORWAFLOC® treatment chemical. MVW 's supply will treat between 50 and 100 m3 liters of Produced Water per hour as an integrated part of the complete Produced Water Reuse Treatment System. The system is expected to be operative in the break of 2024/2025. “MVW has proved to a major O&G Operator in the US that our NORWAPOL® technology is disruptive versus the common water polishing technologies in the O&G industry. We are proud and happy that yet another major O&G Operator, now in the Middle East, has chosen the disruptive NORWAPOL® technology and natural NORWAFLOC® treatment chemicals above common filter solutions in this important project. This acknowledgment from a major operator is a milestone in our work towards commercialization in the Middle East. Even though the scope of this project in the Produced Water context is relatively small, the potential for duplicating the reuse solution to several other sites is large and intended.” comments MVW’s CEO Stein Giljarhus. For more information, please contact: Stein Giljarhus, CEO stein.giljarhus@mvestwater.com +47 90 54 08 32 Morten Hilton Thomassen, CFO mht@mvestwater.com +47 92 25 85 70 About M Vest Water AS: M Vest Water is an environmental technology company which has developed unique products and solutions to the water treatment industry, both Industrial as well as the Municipal markets. The products are non-toxic, biodegradable and without any harm to the environment. It obtains the highest degree of purification in a cost-efficient arrangement. M Vest Water is listed on Euronext Growth under the ticker MVW. For more information, visit www.mvestwater.com. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.