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mattd

06/16/10 11:10 AM

#820 RE: crunch55 #819

http://current.com/164po4c

Two American companies and a small Alaska city are drawing closer to an export agreement that ships fresh water from North America to a bulk bottling plant in India in order to supply the thirsty Middle East, according to Terry Trapp, the chief executive of True Alaska Bottling, one of the companies in the partnership.
Trapp’s company holds the rights, at a penny a gallon, to export 2.9 billion gallons (10.9 billion liters) per year from the Blue Lake reservoir owned by the city of Sitka, Alaska. Meanwhile the company’s partner in the venture, San Antonio-based S2C Global Systems, is negotiating with developers in India to build facilities at a deepwater port south of Mumbai.

Sitka’s Resource Piggy Bank is Water
Sitka and Alaska Resource Management LLC, the partnership formed by the two companies, are seeking to be the first to introduce bulk supplies of freshwater, transported in huge tanker ships, as a new commodity in global trade.