Euro Tech gains 22% on Sea Clean joint venture in Norway
- Euro Tech (CLWT) signed a 50/50 joint venture agreement with Norway-based Sea Clean AS to expand its ballast water treatment business into Scandinavia and the broader European market.
- The JV, CleanPACT Environmental and Marine Engineering AS, will showcase and service the company's PortoBallast mobile hybrid ballast water treatment system.
- Sea Clean is commissioning the PortoBallast system at its port site in Torvastad, Norway.
- The JV will promote PortoBallast across Scandinavia, providing a platform for expansion into the broader European market.
- The stock price jumped about 22% on Monday during pre-market hours.
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