US Company Set to Ship Billions of Gallons of Water from Alaska to India

by Dave

India is hurting for water. With rapidly growing populations of people and a rising middle class that is mimicking the wasteful water consumption habits well known here in the United States, coupled with poor water management practices, India is set to be one of the first parts of the world hit by a major water crisis. Still, does that mean shipping water from Alaska all the way to India is a smart solution? One Texas-based water supply management company, S2C Global Systems, thinks it is — at least, it’s smart for their bottom line, if not for the environment. They’re all lined up to ship billions of gallons of water annually from an Alaskan city to India, and other parts of Asia and the Middle East.

Circle of Blue brings our attention to a press release on the company’s website.

Sitka, Alaska will sell water from its Blue Lake Reservoir for a penny a gallon to Alaska Resource Management, a company formed by S2C and True Alaska Bottling, will export as much as 2.9 billion gallons each year, providing the city with as much as $26 million annually. It could earn as much as $90 million annually if it can sell off the rest of its maximum water right of 9 billion gallons.

According to Circle of Blue, “This will be the world’s first large-volume exports of water via tanker: companies have tried unsuccessfully for more than two decades to break open the bulk water export market. Past attempts have been thwarted by daunting logistics, concerns about natural resource sovereignty and commodification as well as the availability of cheaper local sources.”

Like I said in my speech at the CII partnership summit in January (… In a web 3.0 world, water 1.0 still matters. In the 21st century, food is the new money, water is the new oil.

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