Water treatment and metals recovery company Clean TeQ (ASX: CLQ) has started the new year well with new contracts secured for water purification systems in Oman and Queensland.
In Queensland, Clean TeQ successfully won a tender to provide Mackay Regional Council with a bore water treatment plant which will reduce the scaling of pipes while improving taste for portable water supply.
The $2 million contract will see Clean TeQ install an ion exchange treatment plant and gas chlorination system and is expected to be completed by the end of 2021.
“Our Water Business continues to build on the successes achieved over the past year,” said Clean Teq Managing Director, Sam Riggall.
“Having demonstrated our capability in designing, constructing and commissioning our highly effective proprietary water purification systems in a range of different applications, our focus is now shifting towards revenue growth.”
In Oman, Clean TeQ will supply a water treatment system to an antimony processing facility encompassing their proprietary DESALX® technology plant. Once installed, the system will filter more than 200 tons of waste water per day, removing a range of waste elements in the process and enabling a significant proportion of the treated water to be re-used in the processing plant as an alternative to disposal.
The engagement will focus on neutralising the waste liquors and precipitating contaminants and will take place in response to upstream changes in the plant’s processing which results in a higher salt load and increased arsenic, antimony and selenium concentrations in the waste water.
Clean Teq’s water treatment division runs in parallel to their Sunrise Project which hosts one of the largest Platinum resources in Australia, with over 1 million ounces near the surface. Platinum is a vital metal for the emerging hydrogen economy.
CLQ shares responded well to news of Clean TeQ’s two new contracts, trading at $0.27 in the first 15 minutes of morning trade, a rise of 8% on their previous $0.25 close.
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
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