NESR Acquires Stake in Salttech: A Boost for Circular Water Technology

National Energy Services Reunited Corp. (NESR) has made a strategic move by acquiring a minority stake in Salttech BV, a Dutch provider of thermal desalination technology. This acquisition, funded through cash, is set to significantly impact the global water treatment market, particularly in the Middle East and North Africa (MENA) region.

The Dyvar® technology, developed by Salttech, is a core component of NESR's growing portfolio of fit-for-purpose water solutions within its NEDA segment. This innovative technology converts high-TDS water into freshwater, with a high recovery rate and minimal waste generation. The Dyvar® system is designed to be highly energy-efficient, incorporating heat recovery and low heat optimization methods.

The integration of Dyvar® technology into NESR's portfolio strengthens the company's market position and growth prospects. By offering a comprehensive range of produced water treatment solutions, NESR can better serve its clients in achieving their environmental and operational objectives. The acquisition also deepens the collaboration between NESR and Salttech, paving the way for the sustainable scale-up of this novel, circular water concept in Saudi Arabia and other key countries.

The potential environmental and economic benefits of scaling up circular water technology in the MENA region are substantial. The Dyvar® technology contributes to the reduction of greenhouse gas emissions compared to traditional water treatment methods. By utilizing flare gas, heat-to-power, or renewable energy as a power source, Dyvar® can significantly lower CO2 emissions. Additionally, the mineral recovery aspect of the technology creates new revenue streams and contributes to a circular economy.

The acquisition of Salttech by NESR is expected to impact regional water management strategies and policies. As a leading provider of integrated energy services, NESR plays a crucial role in promoting sustainable water stewardship. By investing in and scaling up circular water technology, the company is helping to address the massive water challenges faced by the MENA region.

In conclusion, NESR's acquisition of a stake in Salttech is a strategic move that will have a significant impact on the global water treatment market. The integration of Dyvar® technology into NESR's portfolio offers numerous environmental and economic benefits, while also strengthening the company's market position and growth prospects. The acquisition is a testament to NESR's commitment to bringing leading water technologies into the region to help solve the pressing water challenges of the MENA region.