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Acid separation membrane company gears up for IPO

Australian industrial wastewater treatment start-up OneAtom is looking to raise up to A$3 million (US$2.2 million) via an initial public offering on the National Stock Exchange, which implies a market capitalisation of just under A$7.6 million (US$5.6 million).

The company is in the early stages of commercialising a polymeric ion exchange membrane developed by Monash...

SIIC Chinese water concession faces cancellation

Last Thursday, a public inquiry was organised by the Tianmen Municipal Commission of Housing and Urban-Rural Development to discuss the termination of water concession rights held by Tianmen Kaidi, a subsidiary of Singapore-listed water project developer SIIC Environmental Holdings.

The government of Tianmen city (in Hubei Province) accused Tianmen Kaidi of violating...

Creditors aim to delay Ashdod sale over repair cost

Israel’s Ministry of Finance is facing a battle with creditors looking to delay the sale of the troubled Ashdod desalination plant until the project is brought up to capacity.

Bank Hapoalim, which also represents fellow lenders Clal Insurance and the European Investment Bank, has argued that the ministry’s planned sale of the plant before repairs are made...

Denali Water’s residuals roll-up gains momentum

Denali Water Solutions maintained its acquisition rhythm this week by acquiring a 75,000 wet tons/day biosolids processing plant in Florida from XPV-backed BCR Environmental.

The new plant, completed last year by NuTerra Southeast Florida Organics, LLC, will sit within Denali’s WeCare composting division.

Denali is backed by the McLarty family through The...

England’s retail water market – was it all worth it?

Inaccurate customer data, poor communication, and credit issues are impeding the development of a competitive market for non-household water retail services in England, industry regulator Ofwat confirmed this week.

Ofwat’s progress report on the new market’s first year of operations noted that only 10% of the 1.2 million business customers eligible to switch...

North Carolina maintains US fair value momentum

Nine states in the US have now adopted ‘fair market value’ legislation that meaningfully improves the prospects for investor-owned utilities looking to acquire municipal water and wastewater systems.

After Iowa and Maryland passed similar bills in March and April this year, respectively, North Carolina has become the latest state to adopt legislation (HB...