Fluence awarded EUR3.9M contract for innovative wastewater-to-energy system in Belgium
Wins Major Contract with World Leading Steel Producer
Melbourne, June 15, 2018 AEST (ABN Newswire) - Fluence Corporation Limited (
ASX:FLC) (EMFGF:OTCMKTS) announced today that it has received a EUR3.9M contract for a wastewater treatment and waste-to-energy system for its customer ArcelorMittal. Fluence will design and build these systems for ArcelorMittal's steel mill in Ghent, Belgium, using innovative anaerobic digestion technology to produce biogas from off-gas fermentation byproducts. The Fluence system is expected to be delivered, installed and operational onsite within 18 months. ArcelorMittal is the world's largest crude steel producer, accounting for 90 million tons of steel per year.
- System to be designed and built for ArcelorMittal, the world's leader in steel production
- Advanced system will produce biogas from steel mill byproducts
- First wastewater-to-energy project in steel industry for Fluence
This will be Fluence's first wastewater and waste-to-energy system designed specifically for use in the steel industry. Steel mill byproducts are notoriously difficult to treat to a grade that meets government effluent requirements. Fluence's team was able to achieve the client's desired effluent using advanced anaerobic digestion technology. By adding waste-to-energy treatment to the system, the biogas produced will be used to power the steel mill's operations, which will in turn lower the overall operating costs.
Fluence's Managing Director and CEO, Henry Charrabé said: "Our highly experienced team has adapted our advanced anaerobic digestion technology for this new application, bringing even more value to our customers. We hope this milestone project will be the beginning of introducing Fluence's capabilities for similar steel mill applications around the world. As part of our global product strategy, we have already sold a number of anaerobic systems developed by Fluence Italy in Europe and South America, including applications in the poultry and fish processing industries."
Carl De Maré, Vice President of Technology Strategy at ArcelorMittal, said: "We are excited that after several years of research and engineering, we are now progressing with the largest project of its kind within the ArcelorMittal group. This is the first application of a viable new business case where re-use of carbon is possible at large scale. We will achieve significant carbon reduction and we hope that this will lead us to a lower carbon economy. This new Carbon Smart technology illustrates ArcelorMittal's commitment to transforming steel production and it will also further strengthen steel's standing in the circular economy, particularly compared to other higher carbon metals like aluminum."
About ArcelorMittal (NYSE:MT)
ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 18 countries. Guided by a philosophy to produce safe, sustainable steel, they are the leading supplier of quality steel in the major global steel markets including automotive, construction, household appliances and packaging, with world-class research and development and outstanding distribution networks.
In 2017, ArcelorMittal had revenues of $68.7 billion and crude steel production of 93.1 million metric tons, while iron ore production reached 57.4 million metric tons.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
See their press release for this project here: http://www.abnnewswire.net/lnk/96B8WD58
To view figures, please visit:
http://abnnewswire.net/lnk/F578MK27
About Fluence Corporation Ltd
Fluence Corporation (ASX:FLC) (OTCMKTS:EMFGF) is a leader in the decentralized water, wastewater and reuse treatment markets, with its Smart Products Solutions, including Aspiral, NIROBOX, NIROFLEX and SUBRE. Fluence offers an integrated range of services across the complete water cycle, from early stage evaluation, through design and delivery to ongoing support and optimization of water related assets, as well as Build Own Operate Transfer (BOOT) and other recurring revenue solutions. With established operations in North America, South America, the Middle East, Europe and China, Fluence has experience operating in over 70 countries worldwide and enables businesses and communities worldwide to maximize their water resources.
Further information can be found at https://www.fluencecorp.com/
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