The $500 million valuation put on AquaVenture Holdings – which last Friday set an indicative price range of $18-20 for its upcoming initial public offering – may appear a little rich, given that the company generated an operating loss of $30 million on revenues of $100 million last year.
Its growth-through-acquisition strategy has seen it bulk up the Quench point-of-use business, while the Seven Seas division has been acquiring brownfield desalination BOTs and refurbishing them in order to realise efficiency gains.
It is already starting to suffer some degree of indigestion, however. In the second half of 2015, it was forced to record a $27.4 million goodwill impairment relating to the Quench unit, and its push into Latin America is reliant on the money it raises through the IPO (it wants to spend $45 million buying a 2.7MGD (10,200m3/d) reverse osmosis plant serving a Peruvian phosphate mine run by Brazilian company Vale).
The approval was given against Scottish Environment Protection Agency advice that the site was a flood risk. As a result, the planning will be called in by Scottish ministers before getting final approval.The SSH Recycling location is on a brownfield site, which shows the previous occupation was accepted.A report presented to the board said the applicant identified measures which addressed flood risk, including elevating staff and office facilities above the predicted peak risk level, placing equipment within...
Almar Water Solutions was a silver sponsor at this pre-eminent desalination and water reuse event that was held in Sydney, Australia.
The company also had an 18 m2 stand and participated in a large number of activities.
Almar Water Solutions, a leading company in the development and management of water infrastructure and services, and part of Abdul Latif Jameel Energy, participated in the IDA 2022 World Congress, one of the top events for desalination and water reuse, held in Sydney, Australia. The company...
Defra has today (21 July) unveiled plans to allow local authorities to apply for grants to have landfill taxes refunded for material used during works on brownfield sites.
A four-week call for evidence has been launched on the plans, which the department said could be rolled out as early as this Autumn.
Defra hopes this will help “remove barriers” preventing local authorities building more homes and businesses on underused and derelict land.
Currently, if work was being undertaken on a derelict...
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April 20, 2020 is a day which will forever live in infamy for the oil and gas industry. On that day, the price of West Texas Intermediate fell to an unfathomable negative $36.98 per barrel, the first time it had ever gone below zero. It was the nadir of an industry crisis triggered by the sudden onset of the COVID-19 pandemic.
Just one month before, the demand for oil had evaporated as cities and states moved into extended lockdowns and air travel ground to a halt; prices collapsed – from an average of...
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