Norway: Cambi and Norfund have signed an agreement to cooperate in the development, execution, and operations of wastewater projects in emerging economies, through Public Private Partnerships (PPP) or similar long-term contractual models with municipal and private customers.
These projects will include Cambi’s proven thermal hydrolysis process. In parallel to taking an ownership stake, Cambi will contribute engineering know-how and support plant operations. Norfund will be an active equity investor, where in addition to capital, it will provide extensive experience as a trusted investor in sustainable infrastructure in emerging markets.
“This agreement underscores Cambi’s strategic objective to own and operate projects that implement our proprietary THP technology. In Norfund we have found a well-respected partner with extensive experience in developing countries. By combining forces, we aim to bring state-of-the-art wastewater and biosolids treatment and services to more people and new countries”, said Maarten Kanters, Managing Director of Cambi Invest.
The memorandum of understanding marks the first step of what is envisaged to become a broader cooperation in systematic project development in this sector. The initial focus will be on South Africa, where several projects are already under development. Both Norfund and Cambi have expressed interest to, with time, expand the scope of collaboration to other African countries, as well as in Latin America and Asia.
Cambi is a global technology and solutions supplier for sustainable biosolids management at wastewater treatment plants. Since 1992, Cambi has developed a proven and patented core technology, built strong marketing, sales and support capabilities and a portfolio of well-performing thermal hydrolysis plants globally. The thermal hydrolysis process increases renewable biogas energy output, reduces greenhouse gas emissions and destroys pathogens and other harmful substances, which enables the production of excellent quality organic fertilizers and various soil products. Cambi Invest is the investment arm of the group, with the main objective to develop investment opportunities in connection with the thermal hydrolysis process.
Norfund is the Norwegian investment fund for developing countries. The Fund’s mission is to create jobs and improve lives by investing in businesses that drive sustainable development in selected developing countries with high impact potential. Norfund target to add value through active ownership, primarily through equity that will be invested in direct minority positions in companies or through financial partners/funds.
© Smart Water & Waste World. Send us your editorial contributions at email@example.com