Aalborg invests in ballast water

摘要

Aalborg Industries and Aquaworx have signed a joint venture agreement to develop and market the latter company's water treatment systems for shipboard ballast water applications.rnAalborg Industries will hold 60% as majority shareholder of a new company and Aquaworx the remaining 40%. The venture foresees the transfer of IMO approval and patent rights regarding the technology to the new company in joint ownership. The joint venture company will be established in Singapore and the share capital amount to approximately DKK75 million (€10 million).