) announced that it has entered into an agreement with
Germany-based Bauer Resources GmbH to commercialize its Natural
Engineered Wastewater Treatment technology.
The system was developed at the Alcoa Technology Center to mimic
the physical, chemical and biological processes of natural
wetlands. It uses 40% less energy and with operating costs that
are 60% lower than the conventional systems.
It also cleans and disinfects the wastewater without the use
of chemicals or any water discharge and odors associated with
traditional tank systems. The resultant treated water is of high
quality and can be reused in manufacturing processes or for
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Per the agreement, Bauer will utilize Alcoa's engineered wetlands
technology to deploy wastewater treatment systems across the
globe. Bauer Group possesses considerable wetlands technology
Alcoa has been engaged in engineered wetlands technology
development and executes the process at the Alcoa Technology
Center, which treats up to 50,000 gallons of wastewater each day.
At its Ma'aden facility in Saudi Arabia, the system will reduce
water demand by 2 million gallons each day and save more than $7
While the current systems require a fairly large portion of land,
Alcoa is working to reduce the footprint to the size of a
conventional tank-based system.
Alcoa is a global leader in production and management of primary
aluminum, fabricated aluminum, and alumina. The company is also
the world's largest miner of bauxite and refiner of alumina.
Alcoa currently carries a Zacks Rank #3 (Hold).
Other mining stocks with favorable Zacks Rank are
First Quantum Minerals Ltd.
Freeport-McMoRan Copper & Gold Inc.
Denison Mines Corp.
). All hold a Zacks Rank #2 (Buy).