Bawat reaches financing agreement with Nefco to scale up its ballast water management system business
Ballast water discharged from shipping poses a serious environmental and economic threat due to the spreading of invasive species. With Nefco financing, Bawat will scale up its patented ballast water treatment system to reduce the environmental impact of shipping. Nefco – The Nordic Green Bank – has signed a loan agreement with Bawat , a Nordic company providing an environmentally friendly solution for ballast water treatment. Bawat’s system uses heat to pasteurise ballast water, making it a simple, cost-efficient, flexible and sustainable solution that requires