Euro Tech Holdings Signs 50/50 Joint Venture With Sea Clean in Norway

07:51 AM EDT, 10/12/2026 (MT Newswires) -- Euro Tech Holdings (CLWT) said Monday it entered Norway through a 50/50 joint venture signed by its wholly owned unit Euro Tech Global Pte Ltd and Sea Clean AS to establish a platform for marketing and servicing its PortoBallast ballast water treatment system in Europe. The venture, named CleanPACT Environmental and Marine Engineering AS, will run a customer experience center for port ballast water treatment, offering demonstrations, servicing, simulations and training, the company said. The facility is intended to give customers hands-on access to the technology and support its use in port operations, the company added. The center will showcase PortoBallast, a mobile hybrid system that treats ballast water from UV and electrolysis-type systems that fail to meet discharge compliance rules aboard vessels, Euro Tech said. Sea Clean is starting a PortoBallast unit at its port location in Torvastad, Norway, and the venture will market the system in Scandinavia before moving to the European market, it added. Shares of the company were up more than 21% in Monday premarket activity.