Press Releases 09.02.2014
Oasys Water Continues Growth and Commercialization Momentum in Global Markets
BOSTON--(BUSINESS WIRE)--Oasys Water, a world leader in innovative solutions for water treatment and desalination, today announced its first international commercial application underscoring successful partnership development efforts in the Chinese market. The Changxing Power Plant, located in China’s northern Zhejiang province, will use Oasys Water’s patented technology to treat the coal-fired power plant’s wastewater from flue gas desulfurization (FGD). This project marks China’s first commercial application of Forward Osmosis based Zero Liquid Discharge (ZLD), an innovative desalination method that Oasys Water has pioneered.
The planned wastewater treatment system will desalinate up to 650 m3/day of the FGD wastewater for reuse. Changxing is one of the Huaneng Group’s 85 thermal and hydropower plants, making it a promising model to showcase Oasys Water’s unparalleled water reuse solutions for China’s growing power market. The technology will be deployed to Zhejiang province in early 2015.
According to the latest report from GlobalData, the global FGD market is anticipated to grow by nearly 30% in the coming years as regulations around sulphur emissions are tightened due to increasing air quality concerns, especially in developing nations. The market experiencing the fastest growth in FGD is China, which currently has more coal-fired power plants than the United States, Europe, and India combined,as well as newly implemented nationwide restrictions on sulphur emissions.
“Being selected as part of the Changxing Power Plant ZLD project being developed with Beijing Woteer is an important milestone for Oasys Water. The win marks the first of many potential ZLD projects for our company, it highlights Oasys' growth and momentum in the Asia-Pacific region and it also underscores the successful commercialization of Forward Osmosis technology,”said Jim Matheson, president and CEO of Oasys Water.“ Applications requiring ZLD and water reuse will become a growing global priority due to the combination of dwindling freshwater resources, the increasing population and industrial requirements for freshwater. At Oasys, our team is committed to delivering innovative technologies that purify the world’s most toxic waters to help water-strained communities worldwide, and we look forward to celebrating future milestones that highlight our continued growth and success in achieving this goal.”
In addition to accelerating commercialization of Forward Osmosis in the power industry, Oasys Water has secured various projects in the oil and gas industry fulfilling the company’s mission to deliver innovative technology to clean the world’s most difficult waters. The company has also been recognized globally as an emerging leader among water treatment technologies. In April, Oasys Water was named the 2014 Water Technology Company of the Year by Global Water Intelligence and a Bloomberg New Energy Finance Pioneer. Oasys was also honored as a World Economic Forum 2014 Technology Pioneer.
About Oasys Water, Inc.
Oasys is helping to solve the world’s most pressing challenge: Water. With a vision to create an abundant supply of fresh water for the entire planet, we are developing innovative solutions for water treatment and desalination in industrial markets around the globe. Beginning with the first-in-the-world Membrane Brine Concentrator technology, Oasys is delivering solutions that will be instrumental in creating a sustainable and prosperous global future. Established in 2009, Oasys Water is headquartered in Boston’s Industrial Innovation District, on the revitalized waters of Boston Harbor. For more, visit us at www.oasyswater.com.