OriginOil, Inc. (OTCMKTS:OOIL)
OOIL reported that it has signed its first pay-per-barrel agreement with Industrial Systems, Inc. for a water treatment system integrating OOIL?s process as the first stage of treatment.
Based on the signed contract, OOIL has scheduled construction of an Electro Water Separation(TM) Petro Model P160, capable of processing up to 160 liters (65 gallons) per minute. OOIL?s finance partner, VenPro Partners, will provide the capital for the construction of the system.
The system is designed to treat frac flowback or produced water for immediate reuse and will be built on skids so that it can easily be moved from site to site.
According to Industrial Systems, Inc., after researching the various water treatment systems on the market, the company selected Electro-Coagulation as the best process, and OOIL?s as best-performing among the choices, which include Halliburton, Ecosphere and others.
Industrial Systems, Inc. provides manufacturing, construction services, and solutions to the mine, oil & gas, and power industries in the US. For over twenty years, it has provided major capital engineering, procurement, manufacturing, project management, and construction services for multi-million dollar projects.
OOIL has developed a breakthrough water cleanup technology for the oil & gas, algae, and other water-intensive industries. Unlike other technologies, OOIL?s patent-pending Electro Water Separation(TM) process rapidly and efficiently removes organic material from large quantities of water without the need for chemicals.
More about OriginOil, Inc. (OTCMKTS:OOIL) at www.originoil.com
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