LH Opportunity and Ensteel Industries will work together to design a system featuring OriginOil’s Clean-Frac technology to enhance oil recovery and tailing pond water treatment markets in the country.
The Clean-Frac technology employs the Solids Out of Solution technology that efficiently removes oils, suspended solids, insoluble organics and bacteria from produced or ‘frac flowback’ water, on a continuous flow basis without the use of chemicals.
OriginOil has also granted a non-exclusive license to LH Opportunity to bundle its high-speed and chemical-free technology with the systems being developed and in turn, the company will receive royalty payments based on a percentage of system sales revenue.
OriginOil CEO Riggs Eckelberry said, "Major oil sands producers in the region are expected to commit hundreds of millions of new dollars to water management and tailing pond treatment over the next few years."
