Business
LiqTech Receives First U.S.-Based Oil & Gas Produced Water Order as Part of New Agreement with Razorback Direct
BALLERUP, Denmark, March 12, 2024 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT), a clean technology company that manufactures and markets highly
About this update from Liqtech International, Inc.
[{"type":"text","content":"BALLERUP, Denmark, March 12, 2024 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT), a clean technology company that manufactures and markets highly specialized filtration products and systems, today announced the receipt of a significant order for a containerized pilot system for produced water treatment from Razorback Direct Oilfield Solutions and Services LLC, a Houston based company providing water treatment solutions consultancy for oil & gas water treatment in the U.S. This order becomes the first U.S.-based oil & gas produced water order for LiqTech, marking a significant milestone in the Company's efforts to expand it operations in North America.\n\n \n \n \n \n \n \n\n \nIn February, LiqTech entered into a distribution agreement with Razorback Direct to commercialize its produced water treatment filtration for re-injection and reuse, as well as lithium harvest in the U.S. including Texas, Oklahoma, Louisiana, Ohio, and Pennsylvania.\nThe containerized pilot system that Razorback Direct has acquired will be used at a customer site to test, demonstrate and document the efficiency of LiqTech's ultrafiltration technology in treating produced water to facilitate beneficial industrial reuse and meet current and future regulatory requirements. Longer term, the strategic intention is to use the results from this pilot operation as the basis to design and implement full-scale commercial systems for the onshore oil & gas application in the U.S.\nThe pilot system leverages LiqTech's proven silicon carbide ceramic membranes technology and is similar, yet further developed from, the commercial test unit that was deployed in May 2022 in the Middle East. The Middle East system has been successfully operating for the past two years, with more than 99% of the feedwater passing through delivered back as clean brine (permeate), exceeding the performance requirements originally defined by the end user. Furthermore, the system operates with a minimal amount of chemicals while demonstrating excellent energy efficiency.\nRazorback Direct invests most of its research and development focus on the beneficial reuse and recycling of produced water. Their end goal is to help operators lower their OpEx by deploying highly efficient chemistry enabled solutions. The company's core mission revolves around managing natural resources, reducing w...