Global Water Corp. Signs Deal to Export Nordic Glacier Water

Dec. 28, 2000

Canada's Global Water Corp. and the Norwegian hydro-electric company Aktieselskabet Tyssefaldene recently signed an agreement allowing GWC to export annually 8 billion gallons of glacier water from AST's supply.

In signing the agreement, GWC increased its total annual capacity for exporting pure glacier water to 13.2 billion gallons.

The Nordic supply gives GWC access to European and Middle Eastern markets through Atlantic Ocean shipping channels. GWC has retained P.F. Bassoe, world-renowned shipbrokers of Oslo, Norway, to expedite shipments.

With its Norwegian and Alaskan sources, GWC is on track to build bottling plants and vast storage facilities at coastal locations in countries experiencing poor drinking water supplies. In addition, the large quantities of premium water that GWC has access to makes it feasible to consider selling bulk water to industrial companies and utility users in water scarce areas.

(Source: PR Newswire)

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Image courtesy Institute of Chemical Research of Catalonia (ICIQ).