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Alberta

Swirltex – Alberta Tech Company Develops New Wastewater Solution, Partnership with EIA

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When we look at the ecosystem of cleantech, the challenges of traditional energy processes allow for intuitive and creative people to develop solutions. Not only benefiting financially in regards to mitigating waste disposal but also to offer more efficient ways to process or repurpose waste, thus decreasing the impact on our environment. The question is, who are the hard-working individuals taking on these challenges?

Swirltex is a Calgary based tech company that has developed a new form of filtration for wastewater. Founded by president and founder of Swirltex, Peter Christou, continue to advance their technology for a wide array of applications. Speaking with their CEO, Melanie McClare, their mission is to turn wastewater into a resource and treating it at industrial lagoons. Tied with a passion for reversing the detriment of pollution, their technology offers major benefits to local and indigenous communities across the country. 

 

Buoyancy Based Membrane Filtration – “The Swirltex Difference”

Swirltex has developed a unique membrane filtration system to extract contaminants and solids that are suspended in water. If we consider how wastewater is processed at the industrial level, with their technology implemented, the ‘dirty’ stream of water is pumped through the system at much lower energy requirements than a traditional membrane system. The liquid is then injected with microbubbles in a rotational manner to create a vortex. The purpose is to create a flotation effect for the contaminants so that they bind to the microbubbles, such that their buoyancy is manipulated increasing their ability to float and separate from the liquid.

A permeable wall has the ability to allow liquids to pass through it while containing solid particles within the membrane. The flow pattern used in the Swirltex system forces the water to the outer surface of the membrane where it can be effectively passed through the permeable walls. The solid particles and contaminants are bound by the microbubbles to form a froth that channels to the center of the membrane to reduce any interaction with the permeable wall. High-quality clean water is produced with less pumping power to achieve the same production. Truly unique, this system achieves a far more efficient way to treat wastewater while reducing energy usage.

“Traditional membranes have not been able to perform well in some more difficult wastewater chemistries. So what Swirltex has done is created a way to be able to handle those more difficult wastewater streams, and help produce a very high-quality ultra-filtered water, so that companies have the option to reuse that water rather than disposing of it.” – Melanie McClare, CEO

The Importance of Data Monitoring 

Identified with the introduction of IoT and AI, the ability to perform faster, more efficient data monitoring has the potential for major benefits to systems like Swirltex and industries such as energy production and agriculture. Consider that IoT and AI monitoring in real-time could mitigate the occurrence of leaks within membranes, quality inefficiencies, seasonal variants, loss of heat or overheating of valuable material. 

Another pressing issue is monitoring the quality of our drinking water. As technology continues to advance, IoT and AI could play a key role in establishing new standards of quality and safety for generations. As mentioned in an article published by Water Intelligence, “Using AI to Diagnose Water Consumption Patterns”, maintenance teams could also benefit in mitigating the time spent inspecting miles of pipe or manually checking multiple metres. Speaking with Melanie, she offers her thoughts on how moving towards real-time data monitoring could play a major role in the future of water treatment.

“The drivers behind artificial intelligence adoption and water quality are not only societal but there’s also an industrial component around saving money. So for example, if a customer can rectify an issue in real-time rather than having to do a downstream treatment to get the water to specification, that will save them money. The drivers are not only economic, but also the increasing societal pressures for people to understand what is in their drinking water, rivers and streams that their kids are swimming in…”

Source: Ken Eckert / CC BY-SA – Edmonton International Airport Control Tower

Swirltex has recently entered into a partnership with Edmonton International Airport(EIA). The goal of this collaboration is to treat the stormwater and deicing fluid run-off during the winter months. Their technology is on-site with a new portable treatment system for lagoons. Incredible opportunity for Swirltex to showcase their technology and effectiveness all while benefiting the surrounding communities. Melanie offers her thoughts on this recent partnership.

“Edmonton International Airport is a very progressive and innovative organization and is very environmentally focused. This partnership is to help them understand what is happening in their storm water system, how it relates to the de-icing fluids that they use during the winter, and the overall effects on the environment to get them to a certain specification for safer rivers and streams.”

“This collaboration can reduce the need for future stormwater treatment facilities at EIA and develop a local technology that could serve the needs of airports around the world.” – Steve Maybee, EIA VP of Operations and Infrastructure

If you would like to learn more about Swirltex and their buoyancy based membrane filtration technology, visit their website here or via their social media below. 

 

Swirltex LinkedIn

SwirltexTwitter

Swirltex Facebook

 

 

For more stories, visit Todayville Calgary

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Alberta

Brookfield Asset Management completes privatization of Brookfield Property partners

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CALGARY — Brookfield Asset Management Inc. says it has closed a deal to acquire the remaining stake in Brookfield Property Partners.

The previously announced deal to buy the stake in the firm it already owns will also take the real estate firm private. 

Under the deal, unitholders have a choice of US$18.17 in cash, 0.4006 of a Brookfield Asset Management class-A limited voting share or 0.7268 of a BPY preferred unit, with limits for each category.

Brookfield Property REIT Inc. says it is redeeming all of its outstanding 6.375% Series A cumulative redeemable preferred stock on Aug. 19 for $25 per share cash, plus all accumulated and unpaid dividends for total proceeds of more than $25.21.

The agreement was overwhelmingly approved on July 16 by Brookfield Property Partners minority unitholders.

Brookfield Property Partners owns or operates a wide variety of properties. including office buildings, shopping malls and other properties across the world.

This report by The Canadian Press was first published July 26, 2021.

Companies in this story:(TSX:BPY.UN, TSX:BAM.A)

The Canadian Press

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Alberta

Brookfield confident in offer for Inter Pipeline after Pembina terminates rival bid

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CALGARY — Brookfield Infrastructure Partners LLP said it’s confident its hostile bid for Calgary-based Inter Pipeline will be successful now that Pembina Pipeline Corp. has terminated its own rival offer.

Brookfield’s $16-billion offer is now “the sole transaction on the table” for Inter Pipeline shareholders and any delay in accepting it would not be in shareholders’ best interests, Brookfield spokeswoman Claire Holland said.

“We believe Inter Pipeline’s board made the right decision,” Holland said in an email. “This decision implicitly affirms the merits of our offer, which provides superior value, flexibility and certainty.”

Pembina announced Monday it had terminated its bid for Inter Pipeline after its board advised it would no longer recommend shareholders support the deal. Pembina will pocket a $350-million break fee as a result. 

The news came nearly two months after Inter Pipeline entered into a friendly $8.3-billion all-share deal with Pembina equal to $19.45 per share. The deal — which would have seen Inter Pipeline shareholders receive half a Pembina share for each Inter Pipeline share they hold — was struck in response to the hostile takeover bid from Brookfield that Inter Pipeline said undervalued its business.

Brookfield, Inter Pipeline’s largest shareholder, subsequently raised its cash and share takeover offer to $19.75 per share, up from its earlier proposal valued at $16.50 per share. It later revised the offer by giving shareholders the option to receive their entire payment in cash, instead of a mix of cash and shares, if they desire.

Brookfield again raised its offer in mid-July to $20 in cash or 0.25 of a Brookfield Infrastructure share for each Inter Pipeline share, with a cap on the number of shares that are available.

At least two prominent shareholder advisory firms, ISS and Glass Lewis, recommended that Inter Pipeline investors reject the company’s proposed sale to Pembina and instead support the takeover by Brookfield.

On Monday, Pembina CEO Mick Dilger said he was disappointed with the outcome.

“The industrial logic of a combined Pembina and Inter Pipeline remains unparalleled and the value creation between certain of our assets is impossible to replicate by any other entity,” he said in a news release.

Dilger said the company will continue to seek opportunities for growth through “focused acquisitions.” 

“Pembina remains optimistic about its future, including the profitability of our existing business given foreseeable sector tailwinds, as well as with tremendous flexibility to pursue an ever increasing and more diverse set of opportunities for growth, some of which we were able to highlight and advance during this process.”

Inter Pipeline said it is open to working with Brookfield to reach a “mutually agreeable transaction.” The Brookfield offer expires on Aug. 6.

Earlier this month, the Alberta Securities Commission ruled in favour of Inter Pipeline and Pembina in a decision that was critical of the tactics used by Brookfield Infrastructure in the takeover fight.

The securities regulator upheld a $350-million break fee that Brookfield had sought to have cancelled.

It said Brookfield Infrastructure used “abusive” tactics in its attempt to buy Inter Pipeline and ordered the company to provide additional disclosure related to total return swaps it holds that give it economic exposure to Inter Pipeline’s shares.

The regulator also raised the minimum tender conditions of the Brookfield Infrastructure offer to 55 per cent from a simple majority of the shares tendered by shareholders other than Brookfield and those acting in concert with it.

This report by The Canadian Press was first published July 26, 2021.

Companies in this story: (TSX:IPL, TSX:PPL, TSX:BIPC)

Amanda Stephenson, The Canadian Press

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