Bergen, Norway, October 27, 2022 - M Vest Water (EURONEXT: MVW) today announces
a major technology breakthrough with the NorwaFloc® product.
MVW, has at one of the very largest European mechanical dredging sludge
dewatering sites, in a full-scale qualification test, successfully treated
dredging sludge for dewatering.
An important milestone has now been achieved and the company is entering the
large sludge dewatering markets in Europe with NorwaFloc® products attractive to
clients' needs for cost and process optimization and reduced environmental
impact of discharges and disposal.
Dredging operations is a large industrial and municipal market segment in
Europe. Rivers, harbours, and lakes are continuously dredged for sludge at the
bottom bed. This large mechanical dredging sludge treatment site consumes far
more flocculants to separate and dewater sludge than the entire Oil & Gas
Industry on the Norwegian continental shelf. Currently used flocculants in
sludge dewatering are synthetic. These are targeted reduced in general by
legislation and operators, due to negative environmental impact.
NorwaFloc® is MVW's patented combined bio-flocculant and coagulant in one
product which in this treatment application was dosed into sludge from river
dredging operations for subsequent separation from water and settling of the
separated sediments followed by further mechanical press-dewatering of the
sediments. The dewatered sediments are then transported and used for land fill
and the clean water is returned to the river.
MVW has in full-scale at client's site treated dredged sludge and water at a
flow rate of 2000 m3/h for settling of the sediments and discharge of water. A
subsequent 25% reduction in use of their currently used synthetic chemicals was
also achieved in the following mechanical dewatering process of the sludge by
additional use of NorwaFloc®. In addition to cleaner water discharge the use of
NorwaFloc® resulted in several percentages improved dryness in the sludge.
In total the qualification test duly verified cost saving potential and
environmental gain for the client and the industry in general by obtaining large
reduction in use of unwanted synthetic chemicals, cleaner water discharge and
substantially more dry sludge for transport to land fill with 25% less synthetic
flocculant polymers in this sludge.
Prior to entering commercial phase in the dredging market segment, a repeated
full-scale verification under winter conditions is planned for in January 2023
with the client, where such also aim even further optimization.
For further information, please contact:
Stein Giljarhus, CEO
stein.giljarhus@mvestwater.com
+47 90 54 08 32
Morten Hilton Thomassen, CFO
mht@mvestwater.com
+47 92 25 85 70
About M Vest Water AS:
M Vest Water is an environmental technology company which has developed unique
products and solutions to the water treatment industry, both Industrial as well
as the Municipal markets. The products are non-toxic, biodegradable and without
any harm to the environment. It obtains the highest degree of purification in a
cost-efficient arrangement.
M Vest Water is listed on Euronext Growth under the ticker MVW. For more
information, visit www.mvestwater.com.
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.