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Euro Tech Holdings Enters Norway via Ballast Water Joint Venture

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CLWT$1.36 3.82%

Euro Tech Holdings Company Limited (NASDAQ:CLWT) has expanded into Norway by establishing a 50/50 joint venture named CleanPACT Environmental and Marine Engineering AS. The partnership between Euro Tech's subsidiary Euro Tech Global Pte Ltd and Sea Clean AS creates a customer experience center in Torvastad, Norway, dedicated to port ballast water treatment.

The facility will focus on Euro Tech's mobile hybrid system, PortoBallast, which uses ultraviolet and electrolysis methods to treat ship ballast water that fails discharge standards. The joint venture pairs Euro Tech's proprietary technology with Sea Clean's Scandinavian network and operational experience to accelerate regional adoption.

Euro Tech plans to use the Norwegian location as a springboard to expand equipment sales and technical services throughout the broader European shipping market. Following the recent arrival of the initial PortoBallast equipment in Torvastad, Sea Clean is actively assembling and commissioning the unit.

Key points

  • Euro Tech Holdings formed a 50/50 joint venture, CleanPACT Environmental and Marine Engineering AS, with Norway-based Sea Clean AS.
  • The Torvastad facility will provide demonstrations, simulations, training, and servicing for the PortoBallast treatment system.
  • PortoBallast treats vessel ballast water using UV and electrolysis processes to help ships meet environmental discharge standards.
  • Sea Clean is currently setting up and commissioning the first PortoBallast system at the Norwegian port site.

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Questions and answers

What is the new joint venture formed by Euro Tech Holdings?

Euro Tech Holdings formed a 50/50 joint venture called CleanPACT Environmental and Marine Engineering AS with Sea Clean AS in Torvastad, Norway.

What function does the PortoBallast system serve?

PortoBallast is a mobile hybrid system using UV and electrolysis to treat vessel ballast water that does not comply with discharge standards.

Where is the first PortoBallast unit being installed?

The first unit arrived at the port site in Torvastad, Norway, where Sea Clean is setting up and commissioning the system.