Xylem Inc. (NYSE: XYL) announced an agreement with Dow Inc. (NYSE: DOW) to design, build and operate water systems at Dow's industrial complex in Fort Saskatchewan, Alberta, Canada. The system is expected to be operational by August 2028.

The project will provide an integrated water management solution that treats raw water for industrial use and converts processed water into reusable supply through multi-stage treatment technologies. The system aims to reduce freshwater demand by incorporating water reuse capabilities across the facility.

Under the agreement, Xylem will handle engineering, system design and long-term operation of the water infrastructure. The project supports Dow's Path2Zero initiative at the Alberta site.

"This agreement represents a major milestone for Xylem," said Rodney Aulick, executive vice president and president of Water Solutions and Services at Xylem. "It reflects the strength of our long-standing relationship with Dow and the deep trust we've built with a key customer over time."

Skya Kruithof, president of Dow Canada, stated that Xylem has been a trusted partner and the agreement reflects confidence in their ability to deliver critical water infrastructure reliably.

The water system will treat raw water, convert cooling and industrial process water into high-quality reusable supply, and optimize performance through long-term operation. The arrangement provides Dow with a single partner responsible for system performance, water quality and supply at the complex facility.

The information is based on a company press release statement.