Fluence Corporation Limited (ASX: FLC) announced the launch of its SUBRE submerged membrane aerated biofilm reactor (MABR) solution. It is available in two configurations: a new greenfield plant and retrofit upgrade.
The SUBRE retrofit has been designed to upgrade the existing basins with capacities of 2,000-100,000-meter cube per day (500k – 25m gallons per day (GPD)), and SUBRE greenfield solution has been custom-built to the customer’s specifications without extensive infrastructure, with small energy and footprint requirements, and in challenging or remote locations.
The SUBRE configuration extends its use to large-scale over conventional wastewater treatment plants; providing intensified nutrient removal to meet stringent nutrient regulations; expanding treatment capacity to accommodate higher inflows; and progressing toward energy neutral treatment, without the requirement of any additional plant footprint.
The company management stated that it had secured its first orders for the SUBRE greenfield solution. With unique and special attributes, the two SUBRE installations will be built with Jamaican local partner Engineering and Technology Associates, Inc. (ETA) to serve two new housing developments in the Spanish and Kingston Town areas of Jamaica owned by the National Housing Trust (NHT). This wastewater treatment technology will be operated by the National Water Commission (NWC) and are expected to be commissioned in Q3 2019.
The first installation will treat up to 370,000 GPD of domestic wastewater as it consists of 12 SUBRE modules stacked 3 spirals high. The second installation will treat up to 200,000 GPD as it consists of 6 SUBRE modules. After the process, the treated water will be available for non-potable reuse.
Due to its high effluent quality, small footprint and low energy consumption, SUBRE greenfield solution can be operated and maintained at the remote locations. The Company has been actively present in the Caribbean country Jamaica with its smart, innovative product solutions Nirobox and Aspiral for many years.
Fluence’s Managing Director and CEO Henry Charrabé stated that as the urban population is increasing, wastewater resource recovery facilities face new challenges. Their newly deployed SUBRE technology solves these challenges as when the limit is reached by a conventional wastewater treatment facility. Instead of building new basins and enlarging current plants, the SUBRE module submerges in the existing chambers, lowering the use of chemicals, improving effluent quality, enlarging capacity, saving energy and operational costs.
In another announcement, Watermark services, LLC became a substantial holder in Fluence Corporation Limited with a voting interest of 8.9% on March 14, 2019.
Earlier FLC signed 165 Mn Euro contract with the federal government of Ivory Coast where its water treatment plant will provide potable water of around 150,000-meter cube per day to its largest city, Abidjan. The city has a population of approximately 4.7 Mn people and hence is in urgent need of reliable potable water.
The company recently announced its financial results for the year ended 31 December 2018, the same could be read here.
On stock information, Fluence Corporation’s share last traded at $0.380 up 4.11% (As on March 18, 2019) with the market capitalization of ~$196.14 Mn. It reported its loss per share at 0.208 AUD. Its 52 weeks high was reported at $0.575 and 52 weeks low at $0.290. Its absolute return for the last five years, one year, and three months are 265%, -3.95%, and 8.96% respectively.
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