Current Water Technologies Inc. (CWTI), an industrial and municipal wastewater and drinking water resource management company, announced that the company has executed a binding Memorandum of Agreement (MOA) with Separtis Technologies Global Pte Ltd of Singapore.
“Separtis and CWTI have embarked upon an ambitious schedule to establish a 50/50 joint venture company for global sales and marketing activities focused on the water treatment and green hydrogen sectors by the end of Q1, 2023,” says CWTI’s CEO Gene Shelp. “We believe that a unique and timely business opportunity exist to integrate leading-edge technologies with global market opportunities, strategic government climate and energy initiatives, aligned society and corporate interests, and funding specifically targeting ‘ESG’ (Environmental, Social, Governance) projects. The parties expect to execute Definitive Sales and Marketing and IP Transfer Agreements in February 2023.”
Current Water Technologies Inc. shall grant the joint venture an exclusive license to sell and market the company’s extensive portfolio of electrochemical water treatment and green hydrogen and lithium recovery technologies.
A near-term priority will be to actualize CWTI’s vision of converting costly wastewater treatment facilities into profit centers. The ammonia in municipal and industrial wastewaters will be converted into valuable environmentally responsible products such as high purity, fuel cell-grade green hydrogen gas, environmentally friendly nitrogen gas, and a valuable disinfectant. This should establish the utility of the AmmEL-H2 green hydrogen technology in generating local/regional energy storage centers/hubs − vital components in the future electrical grid.
