VANCOUVER, B.C.– BioteQ Environmental Technologies, Inc. (TSX: BQE), a leader in the treatment of industrial waste water, announced today that its Dexing operation in China is operating at maximum design capacity, achieving this milestone well ahead of schedule.
The Dexing operation is BioteQ’s largest water treatment plant, operating at one of the world’s largest copper mine sites. The plant has been designed to recover 3.6 million pounds of copper per year, treating 1,000 cubic meters of water per hour. In early May, the plant reached the maximum design capacity, recovering almost 11,000 pounds of copper per day, treating a flow that exceeded 1,000 cubic meters per hour.
The plant was originally scheduled to gradually ramp up to full design capacity over several years, as new sources of water became available at the site. However, high seasonal rainfall, combined with improvements in the management of acid mine water at the Dexing Mine, has accelerated this schedule and enabled BioteQ to demonstrate the full scale operation of the plant. BioteQ expects that the increase in water will be seasonal, depending on variations in precipitation at the site. The plant is estimated to recover 1.3 million pounds of copper in 2009, and is presently on track to meet this estimate. In the first four months of the year, the plant recovered 436,000 pounds of copper. BioteQ shares the revenues and costs of the plant with its joint venture partner, Jiangxi Copper Company.
David Kratochvil, BioteQ’s President and Chief Operating Officer stated, “We are very pleased that the Dexing operation has reached its design capacity ahead of schedule. The strong performance of the plant is a credit to our excellent operations staff and our project partner, Jiangxi Copper Company. We are confident that our technology and operating expertise will continue to deliver solid results in China.”
BioteQ Corporate Profile
BioteQ is an industrial water treatment company that applies innovative technologies to solve complex water problems, reducing environmental liabilities while generating revenue from wastewater. The Company’s commercially proven technologies treat industrial wastewater contaminated with dissolved heavy metals and sulphate, producing saleable by-products and clean water that can be discharged safely to the environment. BioteQ has built 8 plants at sites in Canada, the US, China, Australia and Mexico, with additional projects in design and construction. BioteQ is headquartered in Vancouver, Canada, and trades on the TSX under the symbol BQE. For additional information, please go to www.bqewater.com.
On behalf of the Board of Directors
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