HELIOVIS AG and Eclipse Investments LLC (Eclipse), which is a subsidiary of the highly respected Zubair Corporation from Oman with a large regional presence, announced today that they have signed an Agreement for the marketing and sales of solar thermal plants in the Gulf region. With this Agreement, the two companies further strengthen their partnership, which started almost one year ago, when HELIOVIS and Zubair’s ARA Petroleum, signed a commercial contract to construct the world’s first solar-thermally powered, zero emission desalination plant for the treatment of produced water in the Oman. The construction of the plant is ongoing with commissioning planned for the end of Q1 2024.
In this showcase project, HELIOVIS’s patented and proven low-cost solar thermal technology is used to power a forward osmosis (FO) water desalination plant, which will produce up to 140m³ of freshwater per day from highly saline produced water.
Produced water is the naturally occurring water present in hydrocarbon reservoirs, which is co-extracted during the production process. Typically, this water contains high levels of dissolved mineral salts and often contains some hydrocarbons. It is therefore usually discharged into large evaporation ponds or pumped back into the reservoir. Typically, the freshwater water required for oil field operations is produced from seawater using energy intensive reverse osmosis (RO) plants and is transported to the remote drilling sites by truck, leading to high cost and a heavy CO2 footprint. The project under construction will produce desalinated water on-site, resulting in significant cost savings and a considerable reduction in CO2 emissions.
With the signing of the Agreement, HELIOVIS and Eclipse enter a new phase of their partnership. The companies have set out to contribute significantly to the decarbonization of the entire Gulf region through the distribution of solar thermal plants. Eclipse will leverage its excellent relationships in the region to market HELIOVIS’s proven technology to customers that require clean process heat. The highly versatile collectors can deliver thermal energy in the temperature range from 90°C to 400°C for up to 24 hours per day at competitive and stable price levels. Industries that can benefit from this technology include, but are not limited to, Oil & Gas, Food & Beverages, Water Desalination & Treatment, Mining, Chemical & Plastics, Pharmaceuticals, Pulp & Paper, Solar Cooling.
Holger Sindemann, CEO of HELIOVIS said, “We are pleased that our showcase project in the Sultanate of Oman has convinced Eclipse to support us in marketing our technology in the Gulf region in the future. The decarbonization potential in the Middle East is enormous, and the HELIOVIS technology is a perfect fit for multiple industrial processes.”
Sultan Al-Ghaithi, CEO of Eclipse Investments, said, “We are excited about working with HELIOVIS to promote renewable energy projects and initiatives that will help in the reduction of Green House Gas (GHG) emissions in Oman and the region as a whole”.
About Eclipse Investments LLC
Incorporated in 2005, the Eclipse Investments strategy was to find and invest in a broad range of industries and sectors throughout the region. This strategy has met with considerable success in that now Eclipse has controlling interests and partnerships, in leading companies that are involved across the Energy, Chemical Manufacturing, Electrical Equipment Manufacturing & Product Integration, and Fast Moving Consumer Goods (FMCG) sectors. Through innovative asset management the Eclipse Investments have delivered superior returns over the years.
This vehicle, owned 100% by The Zubair Corporation from Oman, concentrates on assets beyond Oman and now holds investments in entities operating in the UAE, Qatar, UK, Norway, KSA, Turkey, Tanzania, India to name a few.
With a strong management team at the helm, Eclipse have innovated to develop sustainable business models that challenge current norms to ensure that their investments have a robust future. These future proofed solutions and the strategic objectives of the highly experienced management teams are fuelled by long-term capital injection rather than short term thinking. All of which when twinned with domain expertise has contributed to Eclipse’s success. This is all coupled with the focus on company value addition and ever-increasing capability but with an eye on enhancing the economic development of the communities within which we operate.
For more information about Eclipse Investments please visit: https://eclipse-investments.com/
