Aquatech Wins 2011 Frost & Sullivan Award
Recipient of "Growth Excellence in the Middle East and North Africa Desalination Plant Market" Award
Aquatech, a provider of water purification technology for industrial and infrastructure markets, has received Frost & Sullivan's Award for Growth Excellence in the Middle East and North Africa Desalination Plant Market in 2011.
The Excellence Award in Desalination highlights the high degree of innovation with products and technologies and the resulting leadership in terms of customer value, market penetration and an abiding environmental consciousness. Criteria include the ability to grow in a competitive market, effective management of existing product portfolio, strong sales force strategy and brand awareness. Since 2007, Aquatech has received five awards from Frost & Sullivan for its technology leadership in water treatment as well as several Global Water Awards presented by Global Water Intelligence.
"We are honored to receive this prestigious award from Frost & Sullivan. Aquatech has a strong track record in leveraging our deep technology portfolio to offer competitive solutions to the markets we serve. Whether it's making zero liquid discharge more affordable, or increasing the economic viability of oil and gas extraction through cost-effective produced water treatment, we are focused on finding innovative ways to deliver the optimal lifecycle cost to our clients. The Frost & Sullivan Award is further validation of these efforts for the very important desalination marketplace," said Devesh Sharma, executive vice president, Aquatech.
Aquatech is currently executing an order by the UAE's Federal Electricity and Water Authority (FEWA) to provide a 15 million imperial gal per day seawater reverse osmosis- (SWRO) based desalination facility. The project, located at Ghalilah, will provide drinking water for the Emirate of Ras Al Khaimah. According to Frost & Sullivan, the Ghalilah project was one of the most competitive bids in recent times with as many as 20 bidders including the top global companies. The contract is valued at more than $82 million.
Aquatech has also been awarded a contract to provide water treatment services that will help to enhance the heavy oil extraction rate in the Amal Oil Fields in the Sultanate of Oman. Aquatech is also among the first companies in the GCC region to work with the oil and gas industry to recycle and reuse wastewater, and is currently executing one of the Middle East's first petrochemical wastewater reuse projects in Kuwait. These developments follow other recent desalination projects in mega power plants being developed in Asia, such as Coastal Gujarat Power Ltd. in Gujarat and Coastal Energen in Tamil Nadu, India.