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Water tech investors rally against plastic bottles

A pair of significant investments announced this week demonstrate the extent to which investors are increasingly engaging with the battle to reduce the consumption of single-use plastic bottles by putting capital to work in the point-of-use water space.

There is little doubt that Bluewater’s new minority stake in Spanish start-up TAPP Water is aspirational. TAPP...

Losses mount at Yorkshire Water’s non-household unit

A deepening of losses at Yorkshire Water’s non-household retail divisions seems likely to dampen interest in the sale of the business, which has still not closed after more than a year of negotiations.

According to new figures, the Three Sixty Water (Yorkshire) business lost £2.9 million on revenues of £7.9 million in the year ended 31 March 2018...

IDE cleared for Soreq 2 bid – if it trims portfolio

Israel’s government has ruled that market-leading desalination specialist IDE Technologies will be allowed to bid for the contract to develop the upcoming Soreq 2 desalination plant – if it sells its holding in one of the three major plants it currently controls.

Following negotiations between a team including the Antitrust Authority and IDE, the company has...

Marubeni exits Osmoflo after seven years

Hitachi Zosen has taken full control of Australian desalination specialist Osmoflo after fellow Japanese outfit Marubeni sold its 30% stake in the company.

The price of the deal, which closed on Tuesday, has not been disclosed, but Marubeni paid A$50 million (US$38 million) for a 40% stake in 2011 (later selling 10% to the founders). Hitz first bought into Osmoflo in...

XPV invests in pipeline monitoring firm Mobiltex

XPV Water Partners’ latest investment is pipeline corrosion monitoring specialist Mobiltex Data, a Canadian firm that provides a suite of remote sensors and instruments designed to monitor cathodic corrosion protection on the exterior of metallic pipes.

Mobiltex CEO Jerry Chilibecki told GWI this week that XPV’s capital backing would allow the firm to expand...

Morocco set to ditch independent water ministry

Morocco’s King Mohammed VI has decided to scrap the country’s Water Ministry and integrate it into the Ministry of Equipment, Transport, Logistics and Water. Although the Water Ministry was previously overseen by the latter, it operated independently under the leadership of water minister Charafat Afilal.

In a communique on 20 August, the government said the...