Australian natural resources boom attracts foreign investment from Israel, and leads to a trade delegation visiting Brisbane to explore opportunities for Israeli Water Technology in the mining and coal seam gas industries.
Since its founding, Israel has been coping with water scarcity and has been treating the subject as a national priority. The country has been constantly developing novel and efficient water and energy technologies, which can benefit the world as it is increasingly dealing with water and energy scarcity concerns. From the comprehensive management of water resources and water-saving irrigation technology to cost-saving purification, reclamation and desalination methods as well as water security and water treatment solutions, Israel is leading the world in producing water technology for sustainable development.
Australia is a dry continent with competition for scarce water resources. Water is therefore a key business risk for top companies. From a broad Australian perspective, drought, over-allocation, inefficient water supply (loss driven) and climate change has resulted in a strong focus by many leading Australian companies on their water management solutions, and practical ways to address these critical issues. In addition, the treatment of waste water in the mining and Coal Seam Gas industries is of vital importance given the increased environmental issues and regulations facing Australian companies.
There are many challenges facing CSG & mining companies in Australia such as water treatment, protecting ground and surface water, power-efficient desalination plants, linking power and water efficiencies to reduce greenhouse gas footprints, and economic modeling of value/cost of water management.
With Australia’s current resources boom and Israel being one of the world leaders in clean tech and water technology, there is a clear synergy between these sectors and vast opportunities for collaboration between the two countries.
The Israel Trade Commission hosted a delegation of 12 Israeli Water Technology Companies in Brisbane from 17th to 19th May 2011 to meet with the mining and coal seam gas (CSG) industries in Queensland. The purpose of the delegation was to introduce new and world leading water technologies to the booming Queensland natural resources industry and to explore investment opportunity in QLD. The Israel Trade Commission also hosted an Industry seminar as well as exhibiting at the Austmine Expo and Conference. The delegation was supported by Trade and Investment Queensland, the Australian Israel Chamber of Commerce (AICC) and the Chamber of Commerce and Industry Queensland (CCIQ).