Clean technology – Silver lining to China’s smog
Zoe Alsop, Special to CNBC.com, Wednesday, 9 Apr 2014 | 6:42 PM ET CNBC.com
ChinaFotoPress | ChinaFotoPress via Getty Images
Beijing’s “war on pollution” has sparked renewed interest in clean technology, with many start ups vying for a piece of the $800 billion pie.
When they launched their dust control company, Wuvio, with Dutch partners in 2012, Albert van Lawick van Pabst and Rob te Braake arrived at the gates of coal-fueled power plants in China’s sooty Hebei Province lugging buckets of their products, giving demos and doing their best to drum up demand.
April 4, 2014 Investment completed by Hao International in Beijing Wuvio, arranged by SDS Ventures in close collaboration with the other co‐founders of Beijing Wuvio and Hao International.
Hao International invests in Dust Prevention Company
On April 7th, 2014 Hao International, a China‐focused investment company completed its strategic investment in Beijing Wuvio Environmental Technology.
The investment entails a long‐term commitment of financial and strategic sources aimed at developing Beijing Wuvio into China’s leading dust‐prevention company. Beijing Wuvio Environmental Technology employs environmentally friendly products to combat dust emissions in iron, coal harbors, industrial storage facilities, construction sites and waste management processes.
The company, which entered the Chinese market in 2012, is an affiliate of Wuvio Chemicals International, a leading European dust prevention company based in the Netherlands. Its cost-effective products replace conventional methods, which often involve high capital investment, unresolved dust emissions and large scale waste of scarce water resources.
The announcement coincides with a period of unrivalled air‐pollution expanding across China caused by continuous industrialization and urban construction. This development has the potential to make a major impact on fugitive dust emissions and mitigate harmful effects on population health.
According to Mr. Liu, Chairman of Hao International, and Wuvio‐founder Mr. Hagen:
“Wuvio’s technology will make a huge contribution to reduce air pollution in China and surpass the Government’s objective to mitigate fine‐dust emissions by 25% by 2017 in major cities.”
The strategic partnership was arranged by SDS Ventures, a Beijing‐based environmental technology firm, in close collaboration with the other co‐founders of Beijing Wuvio and Hao International.