LiqTech to Develop New Product for Treatment of Marine Scrubber Wastewater

LiqTech International, Inc., a clean technology company that manufactures and markets highly specialized filtration technologies, announces that the Company has signed a framework agreement with one of the world's largest marine scrubber manufacturers to develop a new product for the treatment of Marine Scrubber Wastewater.

The new product will offer marine vessels guaranteed compliance with 2020 International Maritime Organization (IMO) regulations to implement a new lower global cap on Sulphur emissions from international shipping, while providing attractive returns on capital and operating expenses.

The execution of the framework agreement follows a previously announced Letter of Intent between the two companies in April 2018, which was then extended in July 2018. The new filtration product covered under the framework agreement will be available for sale starting on January 1, 2019.

By 2020, the IMO has implemented a new lower cap on Sulphur emission for international shipping. Inside the Emission Control Areas (ECA) the regulations are even stricter. By installing a scrubber system, vessels can continue to operate on marine heavy fuel and avoid switching to significant more expensive marine gas oil while operating in IMO regulated areas. Before discharging the wastewater from the scrubber process, it is essential that the water is cleaned to ensure a better and safe environment.

LiqTech is a leader in the filtration of marine scrubber wastewater. LiqTech has developed a portfolio of compact and efficient wastewater treatment plants outperforming discharge limits regulated by the IMO. The LiqTech systems are fully automated and require a minimum of maintenance. The systems have proven well-suited for this difficult application and has successfully been installed on a large number of vessels both for retrofits and new builds. The solution will treat the water from the scrubber tower into a process tank where it is reused again into the scrubber tower, enabling the ship to run in a "closed loop" with no wastewater discharged overboard or in "hybrid" systems. The SOx particle is filtered and concentrated in our Silicon Carbide membranes and further dewatered in a filterpress providing bulk discharge of waste into waste handling station while in port.

Sune Mathisen, CEO of LiqTech International, commented, "We are pleased to have executed this framework agreement with one of the world's largest marine scrubber manufacturers. The new product, specifically developed in conjunction with the scrubber manufacturer, will be a great addition to our existing marine scrubber waste water portfolio providing marine vessels with an attractive operating structure with rapid return on its capital investment. We are pleased with the continued ramp in our marine scrubber business and believe we will see continued strong growth in the years to come as ship owners are continually confirming their commitments to install scrubbers."