Clean TeQ Water Limited (ASX:CNQ) Secures A$1.2M Contract for DESALX® Project
Contract Details
Clean TeQ Water has been awarded a A$1.2 million contract to deliver a detailed engineering design for an industrial wastewater treatment plant using its DESALX® ion exchange technology at one of Nyrstar’s European operations. Upon successful completion of the design and fulfillment of commercial conditions, the project is expected to progress to procurement, fabrication, and system integration, valued at approximately A$9.4 million.
Technology Validation
During 2023-24, Clean TeQ Water validated its DESALX® technology at a Nyrstar European site through laboratory and pilot-scale trials, demonstrating strong performance, scalability, and compliance capability.
Executive Comments
CEO Peter Voigt commented, “This contract exemplifies the critical role of our Moving Bed Ion Exchange Technology (MBIX) platform in advancing wastewater treatment and resource recovery for the mining and metals sectors. MBIX forms the foundation of our DESALX® application, which specifically targets complex environmental compliance requirements while enabling the recovery of valuable by-products where feasible. In this project, the MBIX-enabled DESALX® system delivers both best-in-class discharge performance and resource recovery opportunities, directly supporting our customers’ shift toward more sustainable, circular economy operations.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.
