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LiqTech Establishes a Joint Venture in China for Marine Water Treatment Market

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LiqTech International (NASDAQ: LIQT) has formed a joint venture with Jiangsu Marine Equipment Co. (JiTRI) in China, establishing Nantong JiTRI LiqTech Green Energy Technology Co. The JV will develop and sell membrane-based water treatment equipment for marine ships using LiqTech's silicon carbide ceramic technology. LiqTech, as majority owner, will contribute its marine water treatment solutions, while JiTRI will provide facilities, local support, and initial funding. LiqTech currently holds over 20% market share in marine scrubbers, with more than 170 systems installed worldwide. The venture targets China's dominant 80% share of global shipbuilding, with 400 new vessels ordered for 2024-2027 requiring EGR solutions.

LiqTech International (NASDAQ: LIQT) ha formato una joint venture con Jiangsu Marine Equipment Co. (JiTRI) in Cina, stabilendo Nantong JiTRI LiqTech Green Energy Technology Co. La JV svilupperà e venderà attrezzature per il trattamento dell'acqua basate su membrane per navi marine utilizzando la tecnologia ceramica al carburo di silicio di LiqTech. LiqTech, in quanto proprietario di maggioranza, contribuirà con le sue soluzioni per il trattamento dell'acqua marittima, mentre JiTRI fornirà strutture, supporto locale e finanziamenti iniziali. LiqTech attualmente detiene oltre il 20% di quota di mercato in scrubber marini, con più di 170 sistemi installati in tutto il mondo. La joint venture punta all'80% di quota di mercato globale della costruzione navale della Cina, con 400 nuove navi ordinate per il periodo 2024-2027 che richiederanno soluzioni EGR.

LiqTech International (NASDAQ: LIQT) ha formado una empresa conjunta con Jiangsu Marine Equipment Co. (JiTRI) en China, estableciendo Nantong JiTRI LiqTech Green Energy Technology Co. La JV desarrollará y venderá equipos de tratamiento de agua basados en membranas para barcos marinos utilizando la tecnología de cerámica de carburo de silicio de LiqTech. LiqTech, como propietario mayoritario, contribuirá con sus soluciones de tratamiento de agua marina, mientras que JiTRI proporcionará instalaciones, apoyo local y financiamiento inicial. LiqTech actualmente posee más del 20% de la cuota de mercado en depuradores marinos, con más de 170 sistemas instalados en todo el mundo. La empresa conjunta tiene como objetivo la dominante participación del 80% de la construcción naval global en China, con 400 nuevos buques ordenados para 2024-2027 que requerirán soluciones EGR.

LiqTech International (NASDAQ: LIQT)는 중국의 Jiangsu Marine Equipment Co. (JiTRI)와 합작 회사를 설립하여 Nantong JiTRI LiqTech Green Energy Technology Co.를 출범하였습니다. 이번 합작 회사는 LiqTech의 실리콘 카바이드 세라믹 기술을 활용하여 해양 선박용 막 기반 수처리 장비를 개발하고 판매할 것입니다. LiqTech는 대주주로서 해양 수처리 솔루션을 제공하고, JiTRI는 시설, 현지 지원 및 초기 자금을 제공합니다. LiqTech는 현재 해양 스크러버 시장에서 20% 이상의 시장 점유율을 보유하고 있습니다, 전 세계적으로 170개 이상의 시스템이 설치되었습니다. 이번 벤처는 중국이 세계 조선 시장에서 차지하는 80%의 지분을 목표로 하며, 2024-2027년 동안 EGR 솔루션이 필요한 400척의 신규 선박이 주문되었습니다.

LiqTech International (NASDAQ: LIQT) a formé une coentreprise avec Jiangsu Marine Equipment Co. (JiTRI) en Chine, établissant Nantong JiTRI LiqTech Green Energy Technology Co. La coentreprise développera et vendra des équipements de traitement de l'eau basés sur des membranes pour les navires marins en utilisant la technologie en céramique de carbure de silicium de LiqTech. LiqTech, en tant que propriétaire majoritaire, contribuera avec ses solutions de traitement de l'eau marine, tandis que JiTRI fournira des installations, un soutien local et un financement initial. LiqTech détient actuellement plus de 20 % de part de marché dans les épurateurs marins, avec plus de 170 systèmes installés à travers le monde. La coentreprise vise la part dominante de 80 % de la construction navale mondiale en Chine, avec 400 nouveaux navires commandés pour 2024-2027 nécessitant des solutions EGR.

LiqTech International (NASDAQ: LIQT) hat ein Joint Venture mit Jiangsu Marine Equipment Co. (JiTRI) in China gegründet und Nantong JiTRI LiqTech Green Energy Technology Co. ins Leben gerufen. Das Joint Venture wird membranbasierte Wasseraufbereitungsanlagen für Marine-Schiffe entwickeln und verkaufen, wobei LiqTechs Technologie aus Siliziumkarbidkeramik verwendet wird. LiqTech wird als Mehrheitsaktionär seine Lösungen zur Wasseraufbereitung im maritimen Bereich einbringen, während JiTRI Einrichtungen, lokale Unterstützung und anfängliche Finanzierung bereitstellen wird. LiqTech hält derzeit über 20 % Marktanteil im Bereich der maritimen Scrubber, mit mehr als 170 weltweit installierten Systemen. Das Joint Venture zielt auf den dominierenden Anteil von 80 % des weltweiten Schiffbaus in China ab, mit 400 neuen Schiffen, die für 2024-2027 bestellt wurden und EGR-Lösungen benötigen.

Positive
  • Majority ownership in strategic Chinese joint venture
  • Established market position with >20% share in marine scrubbers
  • Access to China's 80% share of global shipbuilding market
  • Pipeline of 400 new vessel orders for 2024-2027 with EGR solutions
Negative
  • None.

Insights

This strategic joint venture positions LiqTech to capture significant market share in China's marine water treatment sector. With China controlling 80% of global shipbuilding and 400 new vessels planned with EGR solutions in 2024-2027, the addressable market is substantial. LiqTech's existing 20% market share in marine scrubbers and proven track record with 170+ installations provides a strong foundation.

The partnership with JiTRI offers important local market access, operational support and funding while LiqTech maintains majority control. This structure optimally balances market entry requirements with IP protection. The timing aligns well with increasing environmental regulations and the industry shift toward cleaner fuel technologies, particularly in dual-fuel engines and LNG-powered vessels.

The technical advantages of LiqTech's silicon carbide ceramic technology in marine applications are significant. Their membrane-based water treatment systems have demonstrated superior efficiency in handling exhaust gas recirculation systems, important for modern dual-fuel engines. The technology's proven reliability over seven years of commercial deployment, particularly in hybrid and closed-loop systems, provides a competitive edge in the Chinese market.

JiTRI's expertise in clean technology and material science complements LiqTech's core technology. This collaboration could accelerate technology adaptation for local requirements while maintaining quality standards, essential for success in the Chinese marine sector.

BALLERUP, Denmark, Nov. 7, 2024 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT), a clean technology company that manufactures and markets highly specialized filtration products and systems, and Jiangsu Marine Equipment Co., Ltd. ("JiTRI"), have established a joint venture ("JV") to develop and sell membrane-based water treatment equipment for marine ships in China using our silicon carbide ceramic technology. The JV company, named Nantong JiTRI LiqTech Green Energy Technology Co., Ltd, will be located in Nantong Haimen, Jiangsu province.

LiqTech will be the majority owner of the JV, contributing its pioneering marine water treatment solutions. JiTRI will be a minority owner and contribute facilities, local support, and with the initial operational and commercial funding.

JiTRI (Jiangsu Industrial Technology Research Institute) is a Technology and Research Institute in Jiangsu province with the aim of promoting innovation and technology commercialization through partnership and joint investment. JiTRI was established ten years ago and has built extensive collaborations with industries, universities, and research institutes in the U.S., Europe, Australia, Canada, and China. JiTRI has several key focus areas such as biotechnology, energy, material science, information technology, and clean technology.

LiqTech has more than 170 marine water treatment systems installed around world and holds a market share greater than 20%for marine scrubbers, including both hybrid and closed-loop systems. LiqTech's marine water treatment systems benefit from a strong reputation since their introduction seven years ago, having demonstrated superior efficiency and reliability.

The marine shipping industry is moving towards cleaner fuel applications, with the majority of new vessels equipped with dual-fuel engines that require reliable water treatment for the exhaust gas recirculation (EGR) systems. According to Clarkson shipping intelligence and ship engine company's published date, in 2024-2027, 400 new vessels are on order with EGR solutions planned. In addition, retrofit applications are increasing for LNG-powered vessels, and China possesses approximately 80% of the global ship building market.

Fei Chen, CEO of LiqTech International, commented, "I am pleased to have entered this JV with JiTRI, a strong innovation and technology institute in China. By leveraging LiqTech's water treatment solutions with JiTRI's unique capabilities within China, we look forward to rapidly expanding our presence in the Chinese marine water treatment market."

Mr. Luo Benjin, Vice President at JiTRT, commented, "LiqTech has its roots in Denmark and possesses market-leading silicon carbon membrane technology with an established position in the marine water treatment market. We are excited to collaborate with LiqTech to promote advanced water treatment solutions to accelerate the green transition of the marine shipping industry."

About LiqTech International, Inc.

LiqTech International, Inc., a Nevada corporation, is a clean technology company that provides state-of-the-art ceramic silicon carbide filtration technologies for gas and liquid purification. LiqTech's silicon carbide membranes are designed to be used in the most challenging purification applications, and its silicon carbide filters are used to control diesel exhaust soot emissions. Using nanotechnology, LiqTech develops products using its proprietary silicon carbide technology, resulting in a wide range of component membranes, membrane systems, and filters for both microfiltration and ultrafiltration applications. By incorporating LiqTech's SiC liquid membrane technology with the Company´s extensive systems design experience and capabilities, LiqTech offers unique, turnkey solutions for the most difficult water purification applications.

For more information, please visit: www.liqtech.com 

Follow LiqTech on Linkedln: http://www.linkedin.com/company/liqtech-international 

Follow LiqTech on Twitter: https://twitter.com/LiqTech

LiqTech Forward-Looking Statements
This press release contains "forward-looking statements." Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in the reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation, and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.

LiqTech Company Contact                                                
Phillip Massie Price, Interim Chief Financial Officer
LiqTech International, Inc.                          
Phone: +45 31313993  
pmp@liqtech.com                   

LiqTech Investor Contact                                              
Robert Blum
Lytham Partners, LLC     
Phone: 602-889-9700
liqt@lythampartners.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/liqtech-establishes-a-joint-venture-in-china-for-marine-water-treatment-market-302297036.html

SOURCE LiqTech International, Inc.

FAQ

What is the new joint venture between LiqTech (LIQT) and JiTRI in China?

The joint venture is called Nantong JiTRI LiqTech Green Energy Technology Co., located in Nantong Haimen, Jiangsu province, focusing on developing and selling membrane-based water treatment equipment for marine ships using LiqTech's silicon carbide ceramic technology.

How many marine water treatment systems has LiqTech (LIQT) installed globally?

LiqTech has installed more than 170 marine water treatment systems worldwide and holds a market share greater than 20% for marine scrubbers, including both hybrid and closed-loop systems.

What is the market opportunity for LiqTech (LIQT) in China's marine sector?

China controls approximately 80% of the global shipbuilding market, with 400 new vessels ordered for 2024-2027 requiring exhaust gas recirculation (EGR) solutions, presenting a significant market opportunity for LiqTech's water treatment systems.

LiqTech International, Inc.

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