Water. Desalination + reuse
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6 The Quarterly December 2017 Water. desalination + reuse Chile Mitsui and Tedagua win contract Pair form a special vehicle company for copper mine project Saudi Arabia WEC calls for developers Utility wants expressions of interest for two major projects United States Evoqua lists on New York Stock Exchange Water technology company valued at $500 million in initial public offering Caribbean Desal firms respond to hurricane Irma Emergency measures are activated as water supplies are hit What happened? Who covered it? Why does it matter? Industry website mining.com reported that the desalination plant project will be a first for Japanese trading and infrastructure company Mitsui & Co. The work was awarded to Mitsui and Técnicas de Desalinazación de Aguas (Tedagua), and the pair have formed 50-50 joint venture, Caitan, to build, own and operate for 20 years the desalination plant and conveyance system. The call from Saudi Arabia's Water and Electricity Company (WEC) for expressions of interest in the Yanbu phase 4 project, capacity 450,000 m3/d, and the Shuqaiq phase 3 plant, capacity 380,000 m3/d, was overshadowed in the press by news of a $500 billion project to develop a new, sustainable, independent trade zone in Saudi Arabia, spanning 26,500 square kilometres and stretching into Jordan and Egypt. Saudi Arabia's Public Investment Fund will bankroll the project for the new city of Neom. Pittsburgh Post-Gazette covered the New York Stock Exchange debut of Evoqua Water Technology, saying that revenues raised by the company would be used to pay down debt. The initial public offering (IPO) listed Evoqua under the ticker "AQUA," selling 27.8 million shares at $18 each and raising a total $500 million. The website of the Netherlands- based water networking organisation dutchwatersector.com reported that Dutch and French firms were delivering emergency desalination units to the Caribbean island of Saint Martin, a˜er facilities in the Dutch- French territory were taken offline by hurricane Irma on 6 September. Irma also cut the power supply to desalination plants operated by Consolidated Water on the British Virgin Islands. The contract covers delivery of a 86,400 m3/d desalination plant, a 155 kilometre pipeline and three pumping stations, in a feat of engineering that will transport the desalinated water up to 1,710 metres above sea level, from the location of the desalination plant at Mejillones port, to the site of BHP Billiton's copper mine. WEC indicated that the projects for new capacity desalination could be rolled up with acquisitions of existing facilities, suggesting that the successful bidders may require partners in a range of specialisms, from new plant design and delivery, to retrofitting, to RO and thermal capabilities, as well as ongoing operations and maintenance expertise. The drive behind the upgrade is Vision 2030, the programme to enhance economic efficiency and reduce reliance on oil, which has been taken up energetically by new crown prince Mohammed bin Salman. Evoqua was formed out of the €640 million acquisition of Siemens' water business in 2014, and completed a $284 million buyout of Neptune-Benson in 2016. The company now generates more than $1 billion revenues, and employs 4,000 people, mostly in North America. The revenues, half from industrial, a quarter municipal, and a quarter products, cover more than 200,000 installations. Saint Martin residents were drinking trucked and bottled water, and water direct from reservoirs, a er power lines serving the island's desalination facilities went down. The Quarterly 4,000 employees THE KEY NUMBER