M Vest Water AS Water Treatment & Technology Event - Fearnley 9 Sept. 2021 By CEO Stein E. Giljarhus - Water Treatment & Technology Event
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M Vest Water AS
Water Treatment & Technology Event – Fearnley 9 Sept. 2021
By CEO Stein E. Giljarhus
Confidential
A ground-breaking water
treatment product portfolio
• M Vest Water’s solutions of treatment
products and equipment remove pollution in
water, including toxic dissolved components.
• Our solutions are non-toxic and bio-
degradable with no harm to the nature.
• Our solutions are applicable on a wide range
of wastewater across all industries and can
be used with existing solutions.
• Our solutions are proven, verified and
commercialized. M Vest Water offers a full suite of treatment chemicals and equipment
• Our solutions are compliant with impending
regulations in water treatment
NorwaMix
Confidential Page 2
A game changer for a USD 155 billion wastewater treatment market
«Theory» «Practice»
Flocculated
Polluted Water Flocculation Treated Water Polluted Water Flocculation
Water
Any separation device
Any separation device
Conventional,
microplastic-based
flocculants
Source: M Vest Water Confidential Page 3
MVW has developed a suite of products centred on its NorwaFloc platform
Treatment Treatment
chemical equipment
Main product Main product
NorwaMix
Description Chemical additive that captures oil High efficiency and reusable Maintenance friendly, efficient Tertiary, automatic back-flush Mobile mixing and dosing unit
droplets, and/or waste particles, split absorbent media with multiple coalescing media for retrofit or polishing vessels for zero to produce any of MVW’s
emulsions, and create large easily applications supplied in innovative vessels. discharge chemical products on site
separable conglomerates
✓ Oil and gas industry ✓ Oil and gas industry ✓ Suits all water and ✓ Can be deployed both
Main ✓ Suits all water and
application types offshore and onshore
application types
applications ✓ Petrochemical industry ✓ Petrochemical industry
Key ✓ Bio-degradable ✓ Highly efficient ✓ Highly efficient ✓ Gives zero discharge. ✓ Mixing, producing and
product ✓ Non-toxic ✓ Reusable ✓ Can be retrofitted to
optimizing the volumes of
MVW’s ingredients for a
features existing plants
final customized NorwaFloc
✓ Combined flocculant and ✓ Multiple applications
coagulant in one ✓ Suits all water types mixture.
✓ Removes all pesticides, ✓ Doses NorwaFloc into a
hormones, heavy metals, stream of water to be
and other contaminants treated.
✓ Measures output results.
Confidential Page 4
Global water treatment market expected to exceed $240bn by 2027
Global Water Treatment Market
Forecast Industrial wastewater treatment Industrial Subsegments (2020E)
6.7% Other
300 CAGR Semiconducto Manufacturin
• Treatment of wastewater produced as an un- r
12 %
g
desirable byproduct of industrial or 4% 27 %
Petrochemical
commercial activities 7%
250
• The treated industrial wastewater may be Mining
reused or released to a sanitary sewer or to a 7%
surface water in the environment Pulp & Paper Pharma &
200 7.2% 78 8% Chemical
CAGR • High demand for cost-effective, stable and Energy 14 %
Power
easy-to-use technologies that can be tailored 9% 12 %
USD billion
to customer needs and demands
150
6.4%
48 CAGR
Municipal wastewater treatment Municipal Segment, by Country (2020E)
100
• Treatment of wastewater stemming primarily US
165 from household sewage All others 23 %
29 %
• The pollutants are treated by various physical,
50 107
chemical, and biological process methods
France
• Waste water treatment is split into primary 8%
Ital
(removing solids), secondary (degrade the Australia y…
0 biological content through biological 3 %Indonesia
China
7%
2020E 2027F processes) and tertiary (raise the quality of the 3% Japan
India Mexico Germany5 %
water) Canada UK…
Municipal Industrial 3%
4% 4% 5%
Source: Meticulous Research Confidential Page 5
Imminent regulatory change in Europe will have a meaningful impact on flocculant use
The Issue of Microplastics Regulatory timeline
• Overall, ~145,000 tonnes of microplastics are intentionally used in EU/EEA per year, but around The European Commission requests
~220,000 tonnes of microplastic actually ends up in the environment. Oct. European Chemical Agency (ECHA) to
2017 assess scientific evidence for regulatory
• Once in the environment, microplastics do not biodegrade. They accumulate in animals, including fish action
and shellfish, and are consequently also consumed as food by humans.
• By the request of the European Commission, the European Chemical Agency (ECHA) has since 2017
ECHA proposes a wide range of
studied the use and consequences of microplastics in water treatment flocculants, and other Jan.
restrictions on microplastics use, opening
applications. 2019 up a 6-month consultation period
• In 2021, ECHA submitted its recommendation to ban the use of microplastics in flocculants and other
products, a restriction that is now under discussion and will potentially be implemented in the EU
over the next 12-18 months. Jun.
Committee for Risk Assessment supports
the ECHA proposal, recommending stricter
• This is expected to have a significant impact on use of polyacrylamide/acrylate-based synthetic 2020 criteria
flocculants, forcing municipals and industries like oil & has, pulp & paper, textile and mining industries
to find alternative environmental products in their wastewater treatment processes.
Committee for Socio-economic Analysis
Dec. (SEAC) supports the ECHA proposal, with
2020 additional comments for ECHA’s
consideration
Feb. Combined final opinion by ECHA and various
Microplastic 2021 stakeholders submitted to the European Commission
Ions Antibiotics Bacteria Algae Hair follicle
~0.0001 μm ~0.001 μm
s ~1 μm ~10 μm ~100 μm
~0.1 μm
2021 Discussions with EU Member States and final vote
Conventional
flocculants
2021- Restrictions adopted (if agreed) in the EU, potentially
2022 with a transition period for certain applications
Source: European Chemical Agency Confidential Page 6
Note: 1 μm = 1 micron = 0.001 millimetre
MVW among the most competitive natural coagulants & flocculants
Natural treatment chemicals
Synthetic treatment chemicals
Starch Chitosan M Vest Water
Description
• Typical polyacrylamide products • A type of flocculant made • A type of flocculant made • A patented flocculant
that accumulate to microplastic from agriculture products, from shrimp shell derived from organic,
that in turn is hard for nature to such as potato and rice powder, which is relatively natural and bio-
decompose expensive degradable raw materials
KPIs Chemical volume
requirement (indexed)
100 105 80-100 80
Output purity
(PPM)
5-15 n.a. n.a. 0-5
ECHA compliant
Water treatment
throughput (indexed)
100 50 n.a. 100
Sales price € €€ €€€ €
Source: Company Confidential Page 7
Note: There are other natural flocculants available in the market (e.g. aloe or other vegetable based ones),
but starch and chitosan-based ones are most common
MVW solution can substantially improve water treatment quality
Quality improvement with M Vest Water Before and after M Vest Water: Output purity
• Compared to incumbent products, MVW’s NorwaFloc leads to a Mg/lt
significant reduction in volume of contaminants in discharge water,
including oils, phenols, and phosphorous
• Recent testing from a current customer site indicates MVW’s
solutions can eliminate all oil droplets in wastewater
• Delivers cost benefit to clients through reduced dosing and
associated logistics, increased capacity and reduced maintenance
of equipment, reduced pollutants & tentative reuse of water.
• Hence, MVW can help reduce CAPEX and OPEX cost for client
• NorwaFloc can also be applied in all industrial segments, leading to
easier sourcing for industrial conglomerates
Source: M Vest Water, Equinor Confidential Page 8
Note: Performance results based on Equinor’s Sture Oil Terminal project, which has been running since 2018
Product tested and proven at world-class facilities
Testing and validation timeline for NorwaFloc™ Case study: Sture Oil Terminal
2Q’17 Agreement with major service provider • Equinor’s Sture Oil Terminal treats 150 m3/h oil
polluted water before discharge to sea. The water
comes in with the oil from offshore oil fields, and it
contains a very variated and difficult mixture of
3Q’17 Competitive lab tests different produced water chemicals.
• In competition with incumbent flocculant M Vest Water
in October 2018 qualified supply of NorwaFloc and has
Field test offshore and simulator test of produced
4Q’17 supplied Equinor Sture ever since.
water
1Q’18 First field trial offshore
Wastewater Incumbent Flocculant MVW (2018) MVW (2021)
2Q’18 Second field trial offshore
Full scale trial at onshore facility
3Q’18 and
first commercial delivery
Commercial delivery to offshore O&G facility
1Q’20
(Equinor)
2Q’21 Real Zero Discharge at Sture oil terminal
Source: M Vest Water Confidential Page 9
Thank you for the attention!
Please contact us for any query:
Stein Giljarhus Dr Karl Michael Millauer Tore Kolle Eikevåg
CEO Director of Sales & Sales Engineer
Stein.Giljarhus@mvestwater.com Business Development Tore.eikevaag@mvestwater.com
kmm@mvestwater.com
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