On 14 March 2014, Korea-based LG Chem filed for the acquisition of NanoH2O, an El Segundo, California-based reverse osmosis technology manufacturer. The reported US$200 million acquisition is expected to close by the end of April 2014. NanoH2O– founded in 2005– is backed by BASF, Total, Khosla Ventures, Oak Investment Partners, and the CalPERS Clean Energy & Technology Fund. The announcement comes after Toray outbid LG to acquire 56% of membrane manufacturer, Woongjin Chemical in 2013 for US$397 million.
IDE is expanding its geographic footprint outside of its home market where it has supplied 1.1 million m3/d of desalination capacity– or 61% of its total supplied global capacity. Outside Israel, IDE has activities across the globe but to date only a small presence in Latin America, where it has supplied 37,000 m3/d of MVC and MED desalination capacity.
On 26 February 2014, Spain-based Aguas de Barcelona (Agbar) announced the sale of a 33.4% stake in Canaragua Concesiones S.A. to Itochu Corporation of Japan.
The deal is the second between Agbar and Itochu and mirrors its previously established Bristol Water partnership in the UK, where Itochu took a minority stake. In May 2012, Itochu purchased 20% of Bristol Water for £43.5 million from Capstone Infrastructure Corporation to become a 30% stakeholder in the utility.
On 17 February 2014 Muscat, Oman-based utility Haya Water (Oman Wastewater Services Company SAOC) outlined its upcoming wastewater plant tenders. As part of a US$4.7 billion infrastructure plan, Haya Water intends to connect 84% of the population to a wastewater service network by 2020, up from 30% today. Expansion of the wastewater collection system is expected to account for 75% of total costs.
With the announcement on 12 February 2014 that Paris-based AREVA SA would not be selling the 55,000 m3/d desalination plant at its Trekkopje, Namibia uranium mine, Namibia’s water supply situation has been uprooted at a time of prolonged drought. The Namibia water utility, NamWater, is no closer to acquiring the facility and the approximately 17,000 m3/d it sources from the plant to meet municipal and industrial demands is at significant risk.