LiqTech And Dan Marine Group Enter Agreement To Expand Marine Water Treatment Solutions To The Chinese Shipbuilding And Repair Market For Marine Scrubber Water Treatment Solutions And New EGR Water Treatment Systems For Duel Fuel Marine Vessels
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LiqTech International, Inc. (NASDAQ:LIQT) and Dan Marine Group (DMG) have entered into a partnership to expand LiqTech's marine water treatment solutions in the Chinese shipbuilding and repair market. This includes marine scrubber water treatment solutions and new exhaust gas recirculation (EGR) water treatment systems for dual fuel marine vessels. DMG will also service existing LiqTech marine installations. LiqTech's technology, which has been installed on over 170 large commercial ships since 2017, aims to reduce pollution and enhance fuel savings for ship owners.
May 07, 2024 | 1:04 pm
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LiqTech's partnership with Dan Marine Group to expand its marine water treatment solutions in China could lead to increased market penetration and revenue growth, especially given China's significant shipbuilding industry.
The partnership with DMG, a company with a strong presence in the Chinese marine market, is likely to enhance LiqTech's market penetration and revenue in a significant shipbuilding and repair market. The collaboration focuses on expanding the reach of LiqTech's marine scrubber water treatment solutions and new EGR water treatment systems, areas with growing demand due to increasing environmental regulations. The servicing of existing installations and the provision of spare parts by DMG could also lead to improved customer satisfaction and retention for LiqTech.
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