Euro Tech Holdings and Sea Clean form PortoBallast JV
Euro Tech Holdings has agreed to a 50/50 venture with Norway’s Sea Clean, creating CleanPact to support PortoBallast at port facilities.
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what happened
Reuters reports that Euro Tech Holdings Company Ltd has signed an agreement with Norway-based Sea Clean AS to establish a joint venture. Each partner will hold a 50% stake in the new company.
The venture will be called CleanPact Environmental and Marine Engineering AS. It is intended to operate as a customer experience center for PortoBallast port ballast water treatment systems.
Sea Clean is setting up and commissioning PortoBallast at the Torvastad port site in Norway.
why it matters
The agreement gives Euro Tech Holdings and Sea Clean a dedicated structure for work on port ballast water treatment technology. For markets, the announcement marks a new project in Norway, while Reuters provided no financial terms or estimates of the venture’s effect on either company’s results.
instruments
sources
- Euro Tech Holdings Company Limited Announces The Company Has Signed A 50/50 Joint Venture Agreement With Sea Clean AS In Norway — Reuters, 12 October 2026 at 11:08 UTC
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