Sprintex (ASX:SIX) and its strategic partner Mest Water said they plan to begin a dedicated compressor development project to create a compact, high-efficiency technology designed for mobile zero liquid discharge units suitable for small-scale farms, in response to the Netherlands' planned subsidy scheme, according to a Friday Australian bourse filing.
Dutch Minister Femke Marije Wiersma confirmed that the country will launch a national subsidy scheme later this year, enabling 10,000 to 12,000 small and mid-sized farms to adopt advanced manure processing systems in line with European environmental targets.
Mest Water is currently the only approved supplier of a fully-operational zero liquid discharge system in the Netherlands.
Sprintex also received a 143,250 euros deposit payment from Mest Water, part of a revised evaluation order that increased from 620,000 euros to 705,000 euros due to the upgrade of 17 stationary systems to dual-compressor configurations.
Shares of Sprintex jumped 9% in recent trading on Friday.
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