Every so often I read something that sends proverbial chills up my spine, such as an announcement earlier this month by a Texas water company: S2C Global Systems will ship three billion gallons of water every year from the Blue Lake Reservoir in Sitka, Alaska to the west coast of India and other Asian countries. The company is calling the Indian location where the water will be shipped its “first World Water Hub.” From there, S2C Global Systems plans to sell the water via “smaller ships that can deliver to shallower ports, like Umm Qasr in Iraq.” This project is expected to be rolling within six to eight months.
S2C says, in addition, it will sell the water in “20-foot containers with flexi-tanks (4623 USG) suitable for pharmaceutical/high tech manufacturing and packaged water (18.9 and 10L) for the consumer markets anywhere containers are delivered in south and west Asia from India.”
The company states that India is a “particularly significant growth market for the packaged waters” with its 1.15 billion people and “an emerging middle class and an increasing clean water shortage.” The press release also stated that the “sales efforts throughout south and west Asia will continue with travels planned immediately through the region.”
“S2C Global has an exciting future in India and the region” said Rod Bartlett, managing partner of Alaska Resource Management and President of S2C Global Systems, USA. “After recently spending time in India meeting port authorities and potential distributors, our vision to distribute water globally became real. We fully expect the India World Water Hub to fulfill our minimum expectations of a half a billion gallons sold annually.”
S2C Global is not the only company that will profit from the world’s shrinking fresh water supply. Posted on its website is a press release by Export Development Canada (EDC), Canada’s export credit agency, which announced in March up to $10 million (U.S.) in equity commitments to XPV Water Fund Limited Partnership, a venture capital fund focused on investing in the water sector. The press release described the water sector as an “area of significant growth potential for Canada.”
A quote by EDC’s Senior Vice-President, Stephen Poloz, caught my attention: “EDC’s investment in XPV’s Water Fund is intended to help build Canada’s next generation of companies in the water sector, whose services and products will be in high demand around the world as the need for freshwater continues to increase.” In other words, Canadian water companies will make money selling water to the developing world. Isn’t there a better way to provide drinking water?
“Fresh water is set to be the next ‘big oil’ of the world, with supplies in some areas growing exceedingly tight,” a Treehugger.com post aptly said. “Just as is the case with energy management, smart water management could spare us from needing to haul water half way across the globe at major environmental expenses,” the post added. Here, here!