H2O Innovation Sees Increased Business Opportunities Following New U.S. Ethanol Law Reforms
19 Junho 2019 - 9:00AM
(TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the
“Corporation”) says it is poised to take advantage of changes
announced June 3rd in US Environmental Protection Agency (EPA)
regulations that now allow year-round sales of so-called “E15”
fuel, which contains 15% ethanol and 85% gasoline.
On June 3rd, the EPA announced a change of laws
that restricted E15 ethanol fuel sales from June 1st to September
15th. This blackout period deterred retailers from offering E15 at
all since they would have to change pumps and warning labels at the
start and end of each summer. Instead, they would stay with E10
fuel, with 10% ethanol. It is estimated that only 1% of the 122,000
filling stations in the US offer E15 fuel. After the EPA ruling,
every service station is now able to offer E15 all year round.
Ethanol provides oxygen making gasoline burn more cleanly in
engines and helps reduce pollution.
“This is very significant news for us at H2O
Innovation,” stated Frédéric Dugré, CEO and President of
H2O Innovation, “since we’ve been in this market for the
past ten years delivering water treatment products and services to
ethanol producers and helping them optimize production. The E15 law
in effect opens up significant blue sky for us in this market with
increased demand for our membrane equipment projects and the
ongoing associated services and consumables, including chemicals,
membranes, and filters”.
In anticipation of the year-round E15
availability, the Corporation has delivered, over the past months,
a total of eight (8) capital equipment projects in the ethanol
industry, all located in the Midwestern United States. A recent
installation in Ohio brings H2O Innovation’s installed base in the
ethanol sector to more than 35 plants with over 15.0 MGD (56,781
m3/day) total membrane capacity.
“We have worked closely with our customers to
bring state-of-the-art membrane applications to the industry,
including both polymeric and ceramic ultrafiltration (UF)
membranes, as well as reverse osmosis (RO) for a variety of
applications. Through existing relationships with ethanol
producers, H2O Innovation is now well-positioned to capture new
opportunities and meet the increasing demand as this industry grows
again with the E15 legislation”, stated Gregory
Madden, Vice President – Aftermarket & Digital Solutions of H2O
Innovation.
About H2O Innovation H2O
Innovation designs and provides state-of-the-art, custom-built and
integrated water treatment solutions based on membrane filtration
technology for municipal, industrial, energy and natural resources
end-users. The Corporation’s activities rely on three pillars which
are i) water & wastewater projects, and services; ii) specialty
products, including a complete line of specialty chemicals,
consumables and specialized products for the water treatment
industry; and iii) operation and maintenance services for water and
wastewater treatment systems. For more information, visit
www.h2oinnovation.com.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) nor the Alternext Exchange accepts
responsibility for the adequacy or accuracy of this release.
Source: H2O Innovation Inc.
www.h2oinnovation.com Contact: Marc
Blanchet+1 418-688-0170
marc.blanchet@h2oinnovation.com
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