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Organica JV completes first organic sewage treatment plant

A joint venture in China 51%-owned by Hungary's Organica has completed its first organic sewage treatment plant for about €500,000, business daily Világgazdaság reported.

Organica's JV has also received orders for two more treatment plants worth a combined €2 million.

Organica development director Attila Bodnár said the company's earlier goal to build more than 200 of the plants in China within four or five years was still realistic. Interest is huge, but the JV is still in the trial phase, he added.

The JV could eventually be listed in China or even in Europe, Bodnár said.

Organica received a €8 million capital injection from an American and an Austrian financial investor at the end of 2008. In 2007, the company set up a JV with France's Veolia, the world's biggest waste water treatment company. (MTI – Econews)