Abengoa buys stake in GreenTech to focus on Chinese wastewater market

By Editor



Abengoa, a company that applies innovative technology solutions for sustainability in the energy and environment sectors, has acquired 25 percent of GreenTech, a Beijing-based water company.

The deal is currently under the standard review process by the Chinese Government and is expected to be approved in the second quarter of the year, Abengoa said.

GreenTech specializes in wastewater treatment and reuse market. The company serves clients from the municipal sector to the industrial sector, and has over 40 references in water treatment with a combined capacity of 2.1 million cubic meters (m3) per day.

Abengoa desalination plant in china

China has been included as a key market in Abengoa’s long-term strategy. Abengoa is active in the Chinese market, offering design, construction and finance of the first desalination plant in China contracted under a public-private partnership model.

The reverse osmosis sea water desalination plant is located in Qingdao, and is currently under contract to be sold to Abengoa’s local partner, Qingdao Water Group.

Through the investment in GreenTech, Abengoa will consolidate and expand its presence in China and reinforce its position in the global water treatment market, a statement from the company said.

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