Mapal Green Energy, developers of the innovative floating fine bubble aeration system (FFBA) for wastewater treatment, has appointed Strand Hanson in preparation for an AIM float in early summer this year. The brokers are Beaufort Securities.
Mapal Group, as the post float company will be known, has a rapidly developing reputation across a number of industry sectors, with over 40 sites live worldwide. In the UK, interest to date has been centered around the water utilities, where the company has successfully sold in projects to Thames Water, United Utilities and Anglian Water. The company has also reported interest from the pulp and paper, agriculture, food and beverages and petro chemicals sectors, all of which generate wastewater requiring a biological aeration treatment process.
In its regulation of the UK water industry, the implementation of the latest Ofwat Asset Management Plan (AMP6) in April of this year has perhaps presented the company with it biggest opportunity to date. Ofwat now requires water utilities to focus on the total operating cost of plant, which now includes maintenance and energy usage, not just the initial capital cost, as was previously the case.
The Mapal technology is well placed to address this new regulatory hurdle. Floating fine bubble aeration approaches the challenge of waste water biological aeration by marrying the strengths of surface aeration technology – easy to install and accessible for maintenance – with the efficiency which is derived from sub surface fine bubble aeration systems. With no moving parts generating friction and driving high energy consumption, a key benefit for users of Mapal’s system is its dramatically reduced energy and maintenance bills.
Earlier this year, the company was shortlisted for the 2015 Environment and Energy Awards.