Calgon Carbon’s ( CCC) fully-owned subsidiary Hyde Marine, Inc. has sold the 300th unit of its Hyde GUARDIAN ballast water treatment system (:BWTS), testifying the continuing success of the product in maritime applications. The model HG150 BWTS will be deployed on a tug boat for an articulated tug barge ( ATB.TO) being constructed by VT Halter Marine for Bouchard Transportation Co.
In addition, a couple of Hyde GUARDIAN Gold (HG1000GX-ATB) units have been sold by Hyde Marine’s exclusive sales distributor in the U.S. and Canada – W&O Supply – for the corresponding Bouchard Transportation ATB being constructed at VT Halter Marine’s Pascagoula, MS, facility. These units will be installed on the deck of the vessels, enabling the operator to optimize space for cargo and crew.
Hyde Marine BWTS are ideal for vessel applications which have short runs, operate in multiple salinities or need fast turnarounds. Hyde GUARDIAN systems offer a safe, efficient solution to address ballasting requirements without hindering vessel operations or requiring extra crew time.
The Hyde GUARDIAN Gold BWTS is perfect for retrofits as it offers the compact size required by an increasing number of ship owners and operators. Its growing acceptance in the maritime industry is also being manifested by installation of two systems on a new ATB being constructed at Bay Shipbuilding Co. (:BSC) in Sturgeon Bay, WI.
Hyde Marine also reported that retrofit installations have been scheduled for eight cable laying ships for TE SubCom’s Reliance Class vessels that are specifically designed and built for cable maintenance and construction, trenching, mattressing, and salvage operations. The deployments will feature HG150 units.
Calgon Carbon, which is among the prominent pollution control companies along with CECO Environmental Corp. ( CECE) and Donaldson Company, Inc. ( DCI), ventured into the global market for ballast water treatment with its acquisition of Hyde Marine in 2010.
The acquisition provided Calgon Carbon an immediate entry into a global, legislative-driven market with major growth potential. The company’s ballast water treatment business is rapidly evolving into one of the most exciting longer-term market opportunities.
Calgon Carbon is a Zacks Rank #4 (Sell) stock.
Vertex Energy, Inc. ( VTNR), which also belongs to the pollution control industry, holds a Zacks Rank #1 (Strong Buy).