Headworks and its sister company, Headworks BIO, have had an exciting week. While one company secured an option agreement with Texas A&M University (to license technology), the other landed a nearly $1MM contract to provide screens for an advanced wastewater treatment plant. Meanwhile, Grundfos, Ostara, and Mitsui all dipped their feet in the VC/M&A world this week. The details on these stories and more can be found below.
- Danish pump manufacturer Grundfos has acquired Enaqua, a US company specializing in UV disinfection and membrane filtration technology.
- Ostara Nutrient Recovery Technologies announced the completion of a $14.5m private equity financing – led by VantagePoint Capital Partners, UK-based Frog Capital, and Waste Resources Fund – to fund its expansion programs.
- Mitsui has acquired a minority interest in Water Standard as it pursues opportunities in the rapidly emerging global enhanced oil recovery market.
- Wastewater treatment technology provider Headworks BIO has signed an option agreement with The Texas A&M University System (TAMUS) that provides Headworks BIO with the right to negotiate an exclusive license for TAMUS’s patent pending Electron Beam (E-Beam) technology for use in municipal wastewater treatment applications.
- Headworks® will design and fabricate five (5) Headworks Mahr® Bar Screens for the Belmont Advanced Wastewater Treatment (AWT) Plant in Indianapolis, Indiana — a project totaling close to $1 million.
- C.H. Nickerson & Company, a Connecticut-based general contractor, has won a $93 million bid for a ~3 year facility renovation and upgrade of the nitrogen removal processes at the Mattabassett District’s Water Pollution Control Facility in Cromwell, CT.
- Aquatech has received a contract to design and supply a wastewater recycle system for a gas field development project in Turkmenistan. The company will supply its patented high-efficiency reverse osmosis technology to achieve 90% recovery of the total wastewater at the project site.
- France’s Degrémont, which built the first Perth desalination plant in 2006, is to operate and maintain all the Western Australian city’s water and wastewater assets for 10 years with a possible 5-year extension.
http://www.desalination.biz/news/news_story.asp?id= 6562&title=Degr%26%23233%3 Bmont+to+run+all+Perth%27s+water+and+wastewater
Innovation/ New Products
- Research from North Carolina State University will allow the development of energy-efficient LED devices that use ultraviolet (UV) light to kill pathogens such as bacteria and viruses. The technology has a wide array of applications ranging from drinking-water treatment to sterilizing surgical tools.
- Sulzer Pumps launched a new high-pressure pump aimed at large seawater reverse-osmosis desalination plants. The MSD-RO pump is an axially split, multistage, double-volute pump for membrane feed in SWRO plants. Train capacities range from 20,000‑30,000 m³/d.
- StormwateRx announced the availability of Aquip® Downspout, a new configuration of the Aquip® stormwater filtration system specifically for attachment to roof downspouts. Aquip Downspout removes particulate and dissolved zinc and other heavy metals that are often present from facilities with zinc-coated or galvanized metal roofing or HVAC equipment.
- Swiss chemicals company Syngenta announced a proposed $US 105 million settlement in a class-action lawsuit brought by communities in six Midwestern U.S. states who claimed that atrazine — one of the most widely used herbicides in the nation — had contaminated their drinking water. Money from the settlement fund will be available to any community water system in the U.S. that shows a measurable level of atrazine in its supply.