MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to report that engineering partner PurLucid Treatment Solutions (“PurLucid”) has been awarded a non-repayable contribution totaling up to C$8.2 million in government funding to support the commercialization of a low energy water treatment system for the oil and gas industry.
The oil and gas industry spends the lion share of the cost per barrel of oil on filling, transporting, and dumping contaminated water used in the drilling process. Industry experts have vocalized for years that the cost per barrel is directly tied to regulations about fracking water.
The environmental impact and cost of producing just one barrel of oil is enormous. The hydraulic fracturing or fracking process uses a large amount of precious water that, in the end, is dirty water
Directa Plus plc, a leading producer and supplier of graphene-based products for use in consumer and industrial markets, announces that it has entered into an agreement with Sartec Srl (“Sartec”) to jointly develop a commercial-scale industrial system (“Pilot Plant”), based on the Company’s Grafysorber product, for treating oil-contaminated produced water in the oil & gas industry (the “Agreement”). Sartec is a provider of industrial engineering to the oil, energy and environment sectors and part of the Saras Group, the Italian listed company with a current market capitalisation of approximately €1.6B.
Northern Alberta Institute of Technology (NAIT) is receiving almost $600,000 from Western Economic Diversification Canada and $200,000 from Canada’s Oil Sands Innovation Alliance (COSIA) to design and construct a high temperature, high pressure testing unit that Western Canadian companies will use to implement water technologies in oil sands.
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