05 September 2012

FMC Forms JV with BCEER and BRISEA Group to Market Environmental Technologies in China

Philadelphia – 05 September 2012 (PRNewswire) - FMC Corporation, BCEG Environmental Remediation Co., Ltd. (BCEER), and BRISEA Group, Inc., have signed a definitive agreement to form a joint venture to manufacture and market cost-effective, environmentally friendly products for soil and groundwater remediation in China. 

By combining BCEER's leading position in China's remediation market and BRISEA's global reputation for environmental technology transfer, the new joint venture is poised to introduce a number of cost-effective technologies from FMC's Environmental Solutions Division. The joint venture, named Beijing Enviro-Chem (Beijing Enviro-Chem Industry and Commerce Co., Ltd.), will also provide research and development, laboratory feasibility testing, remedial design and technical support services. 

"We are pleased to join forces with these well-respected market leaders to address the urgent environmental challenges in China with innovative and cost-effective solutions," said Amy O'Shea, FMC Environmental Solutions Division manager. "This agreement provides a strong platform for future growth as new regulations for soil and groundwater begin to take shape in this important market." 

The joint venture will market FMC's broad product portfolio of unique in situ chemical oxidation technologies, in situ chemical reduction technologies, and other leading environmental remediation solutions. FMC's environmental portfolio of soil and groundwater remediation technologies have been used across six continents to remediate hydrocarbons, halogenated organics, organic explosive compounds, pesticides and heavy metals. Beijing Enviro-Chem is expected to immediately sell products that will be used on several key projects in China. 

The joint venture will be led by a global team of experienced executives from the joint venture partners. It is expected to receive approval from the Chinese government by late 2012. Terms of the transaction were not disclosed. 

BCEG Environmental Remediation Co., Ltd. (BCEER) is a wholly owned subsidiary of Beijing Construction Engineering Group, which is among the first providers of environmental remediation services in China. 

BRISEA Group, Inc., an environmental service company with offices in Beijing and the United States, providing environmental technology transfer, training and other technical assistance for both U.S. and Chinese clients. 

FMC Corporation is a diversified chemical company serving agricultural, industrial, environmental and consumer markets globally for more than a century with innovative solutions, applications and quality products. In 2011, FMC had annual sales of approximately $3.4 billion. The company employs approximately 5,000 people throughout the world, and operates its businesses in three segments: Agricultural Products, Specialty Chemicals and Industrial Chemicals. 

Source: FMC Corporation