BIOREM has orders totalling $9.2M and backlog of $34.6M
by CM Staff
The company said its order backlog provides revenue visibility for the next twelve to eighteen months.
GUELPH – BIOREM Inc. announced three new orders totalling $9.2 million. The orders are for air emission abatement projects in Singapore and North America.
“Project delays in 2021 due to labor shortages and inflationary pressures have finally been resolved in a few key sales territories” said Derek S. Webb, President and Chief Executive Officer in a statement.
“This has resulted in our ability to close three exciting projects during the early weeks of 2022. They are scheduled for delivery starting late this year and into 2023 or 2024 depending on construction progress,” he stated.
“All three projects showcase our advanced biofiltration technologies for the treatment of odors and hazardous air emissions from municipal wastewater processes. One of the key projects involves a multiple stage hybrid bioreactor chosen for its ability to be constructed below grade- thereby conserving limited real estate and integrating seamlessly into the dense urban community.”
According to Webb, Tuas Nexus is the world’s first integrated waste and water treatment facility. It is designed to be energy self-sufficient by harnessing the energy contained both in solid waste and wastewater.
Webb also said this technology should result in carbon savings of more than 200,000 tonnes annually.
The company said its order backlog stands at approximately $34.6 million, providing revenue visibility for the next twelve to eighteen months.
