HIPL and Banco Interacciones to collaborate for Mexico water projects

Hyflux International (HIPL) has signed a memorandum of understanding (MoU) with infrastructure bank Banco Interacciones to explore early stage and pre-specified greenfield water and infrastructure projects in Mexico.

Hyflux will provide its technologies and expertise in water and environmental solutions for the projects, while Interacciones will use its experience and local network to introduce potential projects, investment opportunities and business partners to Hyflux. In addition, Interacciones will provide equity or debt financing including coordinating institutional and government relations.

Grupo Financiero Interacciones CEO Carlos Hank González said the strategic alliance with Hyflux will allow both companies to take advantage of multiple opportunities in the local infrastructure sector.

"We are excited by the prospect of combining Hyflux leadership in high-tech water solutions with Interacciones specialisation in infrastructure projects," González added.

Hyflux Group executive chairman and CEO Olivia Lum said: "Through this partnership, we will be able to tap on each other’s expertise and resources to provide comprehensive and innovative water solutions for Mexico."

Hyflux, which has operations and projects in Southeast Asia, China, India, the Middle East and North Africa, provides solutions in seawater desalination, water recycling, wastewater treatment, including membrane bioreactor (MBR) and potable water treatment. The company has constructed a water recycling plant in Singapore, as well as seawater reverse osmosis (SWRO) desalination plants in China and Algeria.

Banco Interacciones is a subsidiary of Grupo Financiero Interacciones.