Thursday, 16 September 2021
PITTSBURGH, PA and VANCOUVER, BC– Evoqua Water Technologies (NYSE: AQUA), a leader in mission-critical water treatment solutions, today announced the signing of an exclusive agreement with Ostara Nutrient Recovery Technologies Inc. The collaboration combines Ostara’s market-leading process solutions for nutrient recovery with Evoqua’s established water and wastewater treatment solutions to help customers recover nutrients and convert them into valuable fertilizers.
Under the agreement, Evoqua will lead the sales and implementation of Ostara’s unique nutrient recovery solutions into the North America and Western Europe markets. Evoqua’s established project delivery resources provide additional strength to further accelerate the growing adoption of nutrient recovery solutions to mitigate the excessive richness of nutrients in lakes and other bodies of water. Nutrient recovery solutions such as these can convert the excessive nutrient loads into a usable, beneficial product.
“Ostara’s industry-leading technology for nutrient recovery is a natural fit with Evoqua’s extensive wastewater treatment portfolio,” said Hervé Fages, Evoqua’s Executive Vice President and President of the Applied Product Technologies Segment. “We are pleased to enhance our offering of sustainable solutions, providing our customers with the opportunity to recover valuable resources from their wastewater treatment process while helping to reduce operating costs and meet their sustainability and circular economy goals.”
“We are proud to partner with Evoqua, a trusted water treatment technology provider with global reach,” says Dan Parmar, President and Chief Executive Officer of Ostara. “This partnership leverages the resources of each party, allowing more rapid adoption of our nutrient recovery solutions into new market geographies as well as new market segments. Further, by combining Ostara’s and Evoqua’s proven complementary technologies, we can deliver complete resource recovery solutions through an integrated offering. It’s a true win-win partnership that also expands the production and distribution reach of our sustainable phosphorus-based Crystal Green® fertilizer.”
For more information on Evoqua and Ostara’s nutrient recovery solutions, visit: www.evoqua.com/nutrientrecovery.
About Evoqua Water Technologies
Evoqua Water Technologies is a leading provider of mission critical water and wastewater treatment solutions, offering a broad portfolio of products, services and expertise to support industrial, municipal and recreational customers who value water. Evoqua has worked to protect water, the environment and its employees for more than 100 years, earning a reputation for quality, safety and reliability around the world. Headquartered in Pittsburgh, Pennsylvania, the company operates in more than 150 locations across nine countries. Serving more than 38,000 customers and 200,000 installations worldwide, our employees are united by a common purpose: Transforming Water. Enriching Life®.
DESOTEC, founded in 1990, is the leading European provider of mobile filtration solutions through a unique and circular service concept, which helps protect the planet by enabling clean water, air, and soil. DESOTEC's customer base is constantly growing thanks to a strong focus on 24/7 service and a commitment to design and deliver the best solution in close dialogue with the customer. Through in-depth expertise of industrial applications and continuous investment in mobile filters, reactivation capacity and well-positioned hubs, DESOTEC ensures that the industry can meet the increasing regulations for a better and cleaner environment. Private equity funds managed by Blackstone acquired DESOTEC in 2021. Further information is available at www.desotec.com.
Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $951 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com.
About Ostara Nutrient Recovery Technologies Inc.
Ostara’s Crystal Green® fertilizers are the first slow-release phosphorus, magnesium and nitrogen fertilizers to release nutrients in response to plant demands; these Root-Activated™ granules are proven to increase yields, enhance soil health and significantly reduce phosphorus tie-up and runoff, thereby improving food security while protecting local waterways from nutrient pollution. In addition, the Company’s Pearl® technology recovers phosphorus and nitrogen from industrial, agricultural, and municipal water streams, and transforms these nutrients into its premium, sustainable Crystal Green® fertilizer which is sold into the agriculture and turf & ornamental sectors through a network of established blenders and distributors in North America and Europe. To learn more about Ostara’s revolutionary technologies, please visit ostara.com | crystalgreen.com
Crystal Green is a trademark of Ostara Nutrient Recovery Technologies Inc.