Quest Water Global has signed a memorandum of understanding (MOU) to build and operate a commercial water bottling facility in Havana, Cuba.
The water bottling facility, which will utilize atmospheric water as the source, will be operated by joint venture (JV) between Quest Water Global, Euroven Financial Group, a syndicate of individuals, and Thomas W. Angell.
Euroven will have 60% stake in the JV while Thomas W. Angell and Quest Water Global will have 12.5% stakes each. The remaining 15% stake will be held by a syndicate of individuals.
The facility is expected to have an initial output capacity of 1.1 million liters of water per month.
Euroven will be responsible for providing the funding capacity while Quest Water will provide access to, and maintenance of its proprietary WEPS technology for the bottling facility.
Quest Water CEO and president John Balanko said: "The conditions in Cuba are ideal for a commercial atmospheric water bottling facility.
"The atmospheric humidity in the country is predictable and we believe that clean water can be harvested in large quantities on a consistent basis from ambient air at the proposed plant."
Planned to be installed with four DX150 WEPS systems, the facility is expected to have production capacity of approximately 12,000 bottles per hour in the 500ml format, equivalent to 96,000 bottles per day.
Quest Water Global co-founder and executive vice-president Peter Miele said: "Our WEPS technology competes economically and environmentally with conventional bottled water plants and desalination facilities.
“In addition to creating a sustainable and reliable water source, the WEPS process does so with low power consumption, is a chemical free product with no harmful by-products, has no impact on local natural water resources, and comes with minimal maintenance requirements."
The bottling facility will utilize 100% biodegradable bottles, which are designed to break down completely within six months upon disposal.
