Environest inks Joint Venture with Biopipe of US for the latest technology in Sewage Waste Treatment plant (STP)
- Environest is the first company to have this kind of technology in India.
- Environest’s vision is to create “a better tomorrow from today,” he added.
Chennai, 14 Feb. 2020: Environest Global, promoted
by a city based entrepreneur, P.K. Senthil Kumar, an MBA from U.K, has signed a
memorandum of understanding to form a joint venture with the U.S. based Biopipe
Global Corp, a wholly owned subsidiary of Lifequest World Corp to install
patented onsite 100 per cent noiseless sludge free and odour free sewage waste
treatment plant (STP) by various untapped users.
According to Mr. Senthil Kumar, the company is adopting
highly efficient Turkish technology by installing pre-fabricated indigenously assembled
set even in small area. This would enable the user to avoid high cost
installation of RCC structures to place STP unit. It will also enable easy
maintenance, Mr. Senthil said. This STP is capable of delivering nearly equal
to potable water which can be used for irrigation and cleaning purposes.
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(L to R) Enes Kutluca, CEO, Biopipe; P.K.
Senthil Kumar, CEO, Environest Global during the product launch
Targets Rs. 100 cr. Turnover: Commenting on the scope of
business, Mr. Senthil Kumar said Environest had chalked out a well laid plan to
achieve a business of Rs. 100 crore in the first 3 yearsby targeting various
institutions, industries, hotels, hospitals, residential and Commercial
complexes and Labour camps.
“The company has already successfully installed a 30 Kilo litres per day
(KLD) for Hotel Pratap Plaza, Chennai and a 20 KLD system for Hotel Darling
Classic, Vellore. Negotiations are underway for setting up STP with Hotel
Dolphin, Vizag, Ramoji Film City,
Hyderabad, GRT group of hotels ,Pan India, Novel Tech Park,
Bangalore and Vygyan University, Guntur which is expected to fructify in
the coming months,” he added.
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(L to R) P.K. Senthil Kumar, CEO, Environest Global; Enes Kutluca, CEO, Biopipe during JV signing ceremony
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With the encouragement for waste water management both by the Central
and State Governments and more focus on protecting agricultural land, the
company will not find any difficulty in mobilising capital besides his own
contribution. The Finance Minister in her recent budget has allocated about Rs
2.3 lakh crore towards irrigation, rural development, and for processing waste
water.
The Indian market has immense potential. Ernst
& Young (E&Y) study shows, there is scope for expansion of business to the tune of $130
billion by 2030. According national association of business economics
(NABE), the world market for waste-water treatment plant is expected to rise
from $62 billion in 2012 to about $112 billion by 2022. Wastewater management, in particular, is emerging as a key thrust area.
Of which only about 60 per cent was tapped for industrial applications and 26
per cent for domestic STP, Mr. Senthil Kumar said.
“As a responsible citizen of this planet, the main vision is to protect ground water by making the
environment pollution free and the need of the hour is to reuse the waste water
for various applications such as industrial, commercial and residential purposes especially during the time of
drought to have uninterrupted agricultural cultivation”, Mr. Senthil said.
“We are extremely pleased with Environest’s ability to not only overcome
initial hurdles but also their ability to assemble, install and commission a
plant with limited involvement from our side. We are now very confident that
this will allow us to scale up our operations in a short span of time,” said Enes Kutluca, CEO, Biopipe.
Acording to industry estimates, Indians on average use
120 to 125 litres (33 gallons) of water daily, about half of this are
wastewater. By using treatment plant, the processed water has a potential to
generate 940 MW power. The Planning Commission, in its 12th Five Year Plan,
for the period ending in 2017, has said that an investment of $26.5 billion is
required to provide safe water to all Indians. The wastewater treatment and the reuse will be the most exciting area for
future growth.
As per the data of UN, at least 1.8 billion people globally use contaminated
water for drinking purposes, and more than 80 per cent of animal and human wastewater
is directly discharged into rivers or the sea without eliminating the pollution
content.
For more information,
visit https://www.LifeQuestCorp.com / http://www.biopipe.co
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