BioteQ receives $3.5 million technology innovation grant for Dexing Ion Exchange project

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BioteQ receives $3.5 million technology innovation grant for Dexing Ion Exchange project

Greentech Lead America: BioteQ Environmental Technologies,
a clean technology provider in global industrial water treatment, announced
that its new ion exchange plant at the Dexing mine site has received a $3.5
million RMB grant from the Jiangxi Provincial Development and Reform
Commission.

The grant, awarded in the Green Technology/Environmental
category, recognizes high-tech innovations that deliver significant impact for
the region in the form of environmental, economic and social benefits.

The ion exchange plant is a 50/50 joint venture project
with Jiangxi Copper Company that recovers nickel and cobalt from low-grade
solution, producing clean water and saleable metal products.

“We along with our joint venture partner, Jiangxi
Copper Company, are pleased that the Dexing ion exchange project has been
recognized for being a leader. This grant also is a reflection of BioteQ’s
commitment to delivering innovative water treatment solutions that contribute
positively to environmental sustainability,” said Jonathan Wilkinson,
chief executive officer, BioteQ.

BioteQ’s technologies have been applied at sites around
the world to recover dissolved metals and remove sulphate, producing clean
water and eliminating residual waste.

The Jiangxi Provincial Development and Reform Commission
is the governing body that oversees economic and social development in Jiangxi
province of China. The Commission provides approval for key projects,
formulates policy, and promotes sustainable growth in the region.

Recently, BioteQ secured a
contract from an international mining customer to provide detailed design and
engineering services for a planned 1,800 cubic meter per hour water treatment
system. Under the terms of the contract, valued at approximately CDN$1.4
million, work will commence immediately and will conclude in approximately six
months.

[email protected]

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