Business
LiqTech and Dan Marine Group Enter Agreement to Expand Marine Water Treatment Solutions to the Chinese Market
BALLERUP, Denmark and HOUSTON and SHANGHAI, May 7, 2024 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT), a clean technology company that
About this update from Liqtech International, Inc.
[{"type":"text","content":"BALLERUP, Denmark and HOUSTON and SHANGHAI, May 7, 2024 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT), a clean technology company that manufactures and markets highly specialized filtration products and systems for marine, and Dan Marine Group (DMG), an Asian-focused provider of high quality products and after sales services to marine and offshore industry customers worldwide, have entered into a partnership agreement to expand LiqTech's presence in the Chinese shipbuilding and repair market for marine scrubber water treatment solutions and new exhaust gas recirculation (EGR) water treatment systems for duel fuel marine vessels. The agreement also includes the servicing by DMG of existing LiqTech marine installations, including fast delivery of spare parts and on-site repair work.\n\n \n \n \n \n \n \n\n \nDMG is a rapidly growing organization formed in 2005, specializes in sourcing, manufacturing, reconditioning, distributing and supplying of marine diesel and auxiliary engine spares, deck machinery equipment. DMG has close customer relationships in the marine industry, and a strong sales and service organization in China with locations close to customers for shipbuilding and repair. They are highly specialized within maritime to support owners, shipyards and scrubber manufacturers with supply of new installations and spare parts.\nLiqTech has developed a compact and efficient marine scrubber water treatment system for both closed-loop and hybrid scrubbers that outperforms discharge limits regulated by the IMO Marpol VI. LiqTech's solutions remove unburned fuel oil, soot particles, ash, and heavy metals from marine scrubber wastewater and take an active role in reducing world pollution. Since LiqTech's first marine installations in 2017, the Company has successfully installed retrofit and new-build marine scrubber water treatment systems on more than 170 large commercial ships for many of the world's largest global ship owners. Furthermore, ship owners have gained tremendous fuel savings leveraging LiqTech's water treatment units, providing for enhanced ROI.\nFei Chen, CEO of LiqTech International, commented, \"Dan Marine Group is a significant player in the Chinese marine market with extensive sales and service presence. The combination of LiqTech's unique silicon carbide ceramic filtration technology and commerci...