Investors Boost Industrial Wastewater Treatment
A growing number of investors are focusing on the water sector, according to a New York Times Dealbook piece.
The paper profiles XPV Capital, which has $150 million under management and holds stakes in eight firms, all in the water sector. The companies include Newterra, which builds modular wastewater systems for remote locations such as mines; FilterBoxx Water and Environmental, which cleans wastewater from Alberta’s tar sands; and APTwater, which cleans difficult-to-treat water such as landfill leachate, nuclear wastewater and coal bed methane wastewater.
XPV’s home province of Ontario has turned out to be a hotbed for the industry, with 900 water industry firms, 21 water-related research institutions and 22,000 people employed in the sector.
As public scrutiny of corporate environmental impacts increases, and water issues continue to gain in importance, water technology companies will keep offering tempting prospects for investors. Resource-intensive industries such as fossil fuels and mining, especially, seem to be taking note of the need to address their water impacts, and growth in these industries is set to push US demand for water treatment chemicals.
Tamar Wilner is Senior Editor at Environmental Leader PRO.
Picture credit: Images Money via flickr
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