Applied CleanTech Signs A 13.5 Million USD Distribution Alliance With Canadian Sewage Mining Corporation
A distribution alliance worth 13.5 million USD over an initial period of five years was signed this week, between Israeli-based Applied CleanTech (ACT) and Canadian Sewage Mining Corporation (CSM), thus becoming the first to implement a Sewage Recycling System (SRS™) in North America.
ACT's SRS™ installation in a WWTP (Wastewater Treatment Plant) in Dunbar, Scotland (Photographer: Ohad Reinhartz)
As part of the agreement, CSM will become the exclusive distributor of ACT's SRS™ (Sewage Recycling Systems) in Canada, committing to purchase and install at least 5 SRS™units in Canada within the next 5 years.
"The SRS™ will transform the existing wastewater treatment process, from sewage treatment to Sewage Mining," explained Dr. Refael Aharon, ACT CEO and Founder. "The SRS™ traps the cellulose component inherent in wastewater, and returns it to the industrial cycle as raw material. Sludge formation is reduced by up to 50%, WWTP dramatically reduces expenses, and the raw material - Recyllose™, is used as a resource for Paper, Plastic, Energy, Construction and other industries."
"We are delighted to finalize the agreement and look forward to delivery and commissioning of the first SRS™ in Canada," said Mr. Sean Ross,General Manager of CSM. "The SRS™ enters Canada at a perfect time: Although we live in one of the most developed countries in the world, we still face major challenges with wastewater treatment infrastructure, specifically sludge management.The SRS™ brings a new way of thinking to the table.Up to now, the challenge has always been dealing with sludge after it was already generated, treating it like a waste product to be disposed of.The SRS™ reduces sludge and creates a valuable product instead. Aging infrastructures and public awareness now call for effective wastewater management, linked to recovery of valuable materials, and this is exactly what we aim to do."
About Applied CleanTech
Since 2007, ACT's proprietary SRS™ has provided an integrated solution that reduces sludge formation at municipal and industrial wastewater treatment plants (WWTPs) around the world. It reduces wastewater treatment operating costs and increases WWTP capacity. Plants using the SRS™ have reduced their greenhouse gas emissions (GHG), making them eligible for carbon credits.
The SRS™ unique process was recently recognized as a patent in the U.S., along with other patents registered globally and more patent applications pending.
Copyright Business Wire 2014