CleanTeq Water

Clean TeQ Holdings is based in Melbourne, Australia and listed on the Australian Securities Exchange. As of November 2022, the company had a market capitalization of around AUD 20 million. The company reported AUD 13.6 million in revenue for the 2022 fiscal year, a 9% increase over the prior year.

Clean TeQ is focused on commercializing its innovative water treatment platform which includes continuous ionic filtration (CIF), membrane-free desalination, ultra high recovery reverse osmosis, low energy evaporation, direct metal extraction, and phosphorous removal technologies.

The company currently generates revenue through building and operating water treatment plants. Examples of current projects include water treatment plants in Townsville and Laramba, Australia. 

Clean TeQ also has a joint venture with Ivanhoe Electric to use its proprietary lithium extraction technologies at brine assets in North America. The company is targeting 25% revenue growth in fiscal year 2024, and near-term goals include further piloting its lithium and mine waste technologies and securing additional commercial deals in the water sector.