Fluence signs US$10 million contract for Brazil’s largest seawater desalination plant

Company News

by Anna Napoli

Fluence (ASX: FLC ) has today announced that it has inked a US$10 million contract for the design, engineering and construction of a (12,000 m3 /day) seawater desalination plant for one of the world’s largest steel producers.

The plant will be located at the customer’s steel production facility in eastern Brazil with construction on the plant expected to commence in the second quarter of 2019.

Fluence’s desalination solution was selected through an international tender process by the customer to address water security and reduce dependence on the local utility.

Fluence says this project is it’s largest projects to date in Brazil and provides another valuable reference site. Brazil is one of Fluence's key focus markets.

Shares in Fluence (ASX:FLC) are trading 6.82 per cent higher at 47 cents.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.