FMC, BCEER, BRISEA JV market environmental technologies in China

FMC, BCEER, BRISEA JV to market environmental technologies in China

5:15 AM, 6th September 2012
FMC, BCEER, BRISEA JV to market environmental technologies in China

PHILADELPHIA, US: FMC Corporation, BCEG Environmental Remediation Co Ltd (BCEER), and BRISEA Group Inc, have signed a definitive agreement to form a joint venture to manufacture and market cost-effective, environmentally friendly products for soil and groundwater remediation in China. It is expected to receive approval from the Chinese government by late 2012. Terms of the transaction were not disclosed.

By combining BCEER’s position in China’s remediation market and BRISEA’s global reputation for environmental technology transfer, the new joint venture is poised to introduce a number of cost-effective technologies from FMC’s Environmental Solutions division. The joint venture, named Beijing Enviro-Chem (Beijing Enviro-Chem Industry and Commerce Co Ltd), will also provide R&D, laboratory feasibility testing, remedial design and technical support services.

“Jointly we are pleased to address urgent environmental challenges in China with innovative and cost-effective solutions. This agreement provides a strong platform for future growth as new regulations for soil and groundwater begin to take shape in this important market,” said Amy O’Shea, Manager, Environmental Solutions Division, FMC.

The joint venture will market FMC’s broad product portfolio of unique in situ chemical oxidation technologies, in situ chemical reduction technologies, and other leading environmental remediation solutions.

“This is a clear case of investing ahead of the curve. Beijing Enviro-Chem brings together the right partners with the right knowledge and relationships at the right time. Collaboratively we will bring new technologies to the forefront and helping to advance China’s commitment to environmental remediation,” said Gao Yanli, General Manager, BCEER.

“Our goal is to introduce urgently needed technologies and products to China to tackle its environmental challenges. We expect to see Beijing Environ-Chem become a key player in China’s fast-growing remediation market,” said Yuhong Jiang, President, BRISEA.

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