The Fluence Corporation Ltd (ASX: FLC) share price has flowed 9% higher after announcing a Chinese order.
In 2017, water treatment providers Emefcy and RWL merged to create Fluence Corporation. As a combined company, Fluence is attempting to solve the world’s water issues through the use of its desalination technology. Fluence is aiming to become the global leader in both centralised and decentralised water and wastewater treatment.
Fluence’s New Chinese Order
Fluence announced that it has executed a contract of the delivery of the first SUBRE project in China that will be used to meet the higher stringent wastewater standard Class IV Surface Water Discharge.
The water treatment business said that the Class IV standard requires total nitrogen of less than 1.5mg per litre which is significantly stricter than the 15 mg per litre allowable under the Class 1A Wastewater Discharge standards.
Mianzhu City in Sichuan Province is the location of the 1,200m3 per day greenfield SUBRE project, which will consist 24 SUBRE units, each of which contains three of Fluence’s proprietary MABR modules.
Fluence said that the order was placed by Sichuan Development Guorun Environmental Investment Co for installation in a wastewater treatment plant owned by Mianzhu Guorun Water Supply Co and it’s the second SUBRE order in two months, which is expected to be completed before the end of 2019.
Henry Charrabe, CEO and Managing Director of Fluence
, said: “This order represents another important milestone in the development of Fluence’s market position in a new province in China and represents several notable first-time events: this is the first SUBRE project being used to meet the strict Class IV Surface Water Discharge standards in China, the first order from our partner Guorun Environmental, and the first order in Sichuan Province, one of the most populous provinces in China.
“The ability to service customers with Class IV Discharge requirements opens a new and significant market segment for Fluence’s MABR products in China. Further, we are very excited about the fast market adoption of our SUBRE product, which was only launched in March of this year.”
I’m not sure if Fluence is worth buying with the positive reaction already priced in. Some investors think Fluence is worth a look, it’s different and expanding internationally and winning contracts. But I don’t know about the market or the opportunity, so I’d rather invest in the growth shares in the free report
below.
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