Billions in Deals Signed at Singapore Water Week
The second Singapore International Water Week ended on a high note for many local and international water companies who sealed deals totaling S$2.2 billion, nearly six times the amount achieved last year, according to a June 29 press release.
Michael Toh, managing director of Singapore International Water Week, said, “We are greatly encouraged by the strong response to this year’s Singapore International Water Week. Despite trying economic conditions, the six-fold increase in the value of deals signed during the week shows that the water industry is poised for further growth. Water remains a key area for many governments and industries."
Hyflux signed a memorandum of understanding (MOU) with ABB for Hyflux’s Algeria Magtaa Project worth S$28 million. Another MOU was signed with Dutch Technology Foundation STW, for a partnership research program on advanced membrane separation technologies. The program is expected to have a value of some S$6 million. Hyflux also signed a joint venture with the Libyan state-owned General Desalination Company for a venture to build two seawater desalination plants in Tripoli and Benghazi with a combined capacity of more than 900,000 m3/day.
Toray Industries, Inc. announced the establishment of a S$10 million Toray Water Technology Laboratory. The water laboratory will conduct research and development of water treatment technologies focusing on membrane-based water technologies and innovative water treatment technologies in the area of membrane fouling mechanism.
Local water player Dayen Environment signed a MOU, totaling S$10 million, with two European partners, ConSideR Group and Colsen International to provide sustainable water solutions to Asia and the Middle East region.
More than 10,000 trade attendees comprising delegates, visitors and exhibitors from over 85 countries/regions participated in this year’s Water Week, surpassing the attendance of 8,500 last year. A total of twenty-eight new products and technologies were unveiled for the first time in Asia or the world at the Water Expo’s Innovation Corner.
For more information, visit www.siww.com.sg