Water. Desalination + reuse
Issue link: https://fhpublishing.uberflip.com/i/670678
| 12 | Desalination & Water Reuse | May-June 2016 BUSINESS IDE BUyS oUt HaDEra opErator partNEr Desalination developer, IDE, is buying out its partner in the Hadera desalination plant operating company in a NIS 80 million (US$ 20 million) deal. Israel-based IDE is buying out the stake in Omis Water held by Israeli real estate company, Shikun u'Binui Holdings (S&B). Under the sale agreement, the purchase would include "further annual compensation based on the volume of desalination in the years left on the license," according to Israeli business site, Globes. The compensation will be split in two - a fixed component and a variable component conditional on the volume of water supplied to the state. The sale remains conditional on the approval of other agents and does not include S&B's rights to 50% of the consortium, H2ID, which holds the contract for the facility reported Globes. IDE is also a partner in H2ID. The contract for Hadera's operations ends in 2032. The plant was built in 2010 as part of a policy to diversify Israel's water sources. IDa aND IWa to joIN forcES oN DESalINatIoN at WorlD WatEr coNgrESS The International Water Association (IWA) and International Desalination Association (IDA) have agreed to cooperate in the coverage of desalination the IWA World Water Congress & Exhibition 9 - 14 October 2016 in Brisbane, Australia. "Given the large interest in the subject of desalination globally, in the Asia Pacific region, and Australia, this will be high on the agenda in both the congress sessions as well as the exhibition," said the associations in a statement. The IWA Desalination & Water Reuse Pavilion will seek to cluster global coRpoRate changes companies and institutes active in this area. The pavilion would include individual units as well as a collective area for presentations and meetings. H2o INNovatIoN to groW IN MExIco Canada-based water treatment specialist, H2O Innovation, is expanding its business activities in Mexico. The new Mexican entity, H2O Innovación Mexico, will gain from innovations and technologies offered by H2O Innovation through a royalty agreement. And H2O Innovación Mexico will be able to use H2O Innovation's references in its bids for new projects. In order to meet the sustained demand for water, wastewater and desalination treatment systems, the new Mexican government proposed a five-year investment plan of $32 billion to develop water treatment infrastructure. LG Chem, a leading global manuf ac turer of petrochemical goods, electronic materials and rechargeable batteries, has launched "LG Water Solutions". With our vast net work of sales and ser vice centers, expertise in roll-to-roll coating technology and our full line of NanoH2O TM reverse osmosis (RO) membranes, LG Water Solutions is poised to lead membrane treatment well into the next generation. Customers now have more options and better solutions than ever before. www.LGwatersolutions.com All trademarks stated herein are the property of LG Chem, Ltd. All rights reserved. © 2016 LG Chem, Ltd. You already know our name. R ec o g n iz ed T e c hn o lo g y Le a d er P r o v e n N anoc o m posi t e M e m b ra n e C he m i c a l I nn o v a t i o n G l o ba l De li v e r y & S u pp o r t LGChemWaterSolutions_124x178.indd 1 2/8/2016 10:14:49 AM