Clean TeQ signs contract with Multotec | Finance News Network

Clean TeQ signs contract with Multotec

Company News

by Kathy Skantzos

A subsidiary of wastewater treatment company Clean TeQ (ASX:CLQ), Clean TeQ Water has entered into an agreement with processing mineral equipment company Multotec to develop a metals processing plant in the Democratic Republic of Congo.

The contract includes the design, supply and commission of the $2 million plant using Clean TeQ’s continuous ion exchange processing technology.

The exclusive technology distribution agreement establishes Multotec as an exclusive distributor for Clean TeQ technologies in all countries in Africa.

Clean TeQ CEO Sam Riggall says the company is making progress in commercialising its suite of mineral processing and water purification technologies.

He says the project expects to add another valuable reference for the efficacy and cost effectiveness of the company’s processes, which adds to the company’s potential to grow the distribution of its technology.

Shares in Clean TeQ (ASX:CLQ) are trading 1.19 per cent higher at $1.49.
 

Kathy Skantzos

Finance News Network
Kathy presents the Market Outlook and ASX company news. She joined FNN in September 2017. She has been in print and online journalism for over 9 years. She also worked in corporate communications.