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HONG KONG - Euro Tech Holdings Company Limited (NASDAQ:CLWT), a company currently valued at $10.48 million, announced Wednesday that its majority-owned subsidiary, Yixing PACT Environmental Technology Company Ltd., has been awarded a ballast water treatment port reception system contract worth approximately $1.2 million.
The contract was awarded by a Chinese state-owned petrochemical company in Guangdong province. According to the press release, the system will treat ballast water at the port with a water capacity of 800 cubic meters per hour.
The scope of the contract includes design, supply, fabrication, installation, and commissioning services at the site. The project is expected to be completed by January 2026.
The port reception system will enable the petrochemical company to process ballast water from vessels, which is a key environmental requirement in maritime operations.
Euro Tech Holdings is a Nasdaq-listed company with operations in Hong Kong and China. Its subsidiary PACT specializes in environmental technology solutions.
The announcement was made through a company press release statement.
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