Water Stocks Update; Wescorp (OTCBB: WSCE) Preps H20maxx Remediation Technology for Deployment in Gulf Spill Clean Up
August 12, 2010 (Investorideas.com water stocks newswire) Investorideas.com and its green and water investor portals release commentary on Wescorp Energy Inc. (OTCBB: WSCE), a clean water solutions company, by Lisa Springer, CFA, Equity research analyst and financial writer.
Wescorp Preps H20maxx Remediation Technology
For Deployment in Gulf Spill Clean Up
Lisa Springer, CFA
Equity research analyst and financial writer
By any measure, the BP Deepwater Horizon oil spill is an environmental disaster of epic proportions. Experts estimate between 86 million and 168 million gallons of oil spilled into the Gulf of Mexico following the explosion of this deepwater drilling rig on April 20th. BP initially pegged the leak at around 1,000 barrels (42,000 gallons) of oil per day, but later revised these numbers upward dramatically. According to the Boston Globe, current estimates are that more than one million gallons of oil spilled into the Gulf each day, Oil has washed up on the shores of all five Gulf States, Alabama, Louisiana, Mississippi, Florida and Texas. BP has set aside $20 billion in a clean up fund and contracted with thousands of vessels and over 20,000 workers to handle the cleanup effort.
Despite this massive response, recovery efforts have only been minimally successful. BP reported in early July that 26.5 million barrels of oil have been recovered, but this represents less than one-third of the total spill. New technologies and equipment are urgently needed to accelerate the pace of the clean up and recovery.
Wescorp Energy Inc. (OTCBB: WSCE), a clean water solutions company, owns a proprietary oil/seawater separation technology called H20Maxx and is ready to deploy in the Gulf clean up. This technology has been proven effective, economic and friendly to the environment. H20maxx uses a nano/micro-bubble aeration process to separate oil from seawater to less than 29 parts per million, exceeding EPA standards. No chemicals are used in the process, which is environmentally friendly. H20maxx can process large volumes of oil contaminated seawater rapidly and would allow the cleaned seawater to be immediately discharged back into the sea. The equipment is compact, highly portable and not motion sensitive so H20maxx units can be operated effectively from the moving deck of a ship or offshore production platform.
H20maxx Is Already Deployed in Canadian Oilfields
Many of the technologies proposed for the Gulf clean up are untested, but this is not the case with H20maxx, which has already proven its value in Western Canadian oilfields. Cancen Oil Canada Corporation, a leading provider of oilfield waste management services, has been using an H20maxx unit to process oilfield waste streams collected from various producers since mid-May. The unit is capable of processing 2,000 barrels of oilfield waste water per day.
Cancen, Wescorp’s partner for commercializing H20maxx technology, plans to deploy additional remediation units at its processing facilities as it expands its footprint. The joint venture partners also plan to build and deploy mobile units to provide on-site remediation for Cancen clients.
New Large Capacity Remediation Unit Planned
Wescorp is in active discussions with contractors and government agencies involved in the Gulf clean-up to identify the right opportunity for H20maxx technology. In response to their feedback, the Company began constructing a new, larger capacity water remediation unit capable of processing up to 10,000 barrels of contaminated water per day. Wescorp expects to take delivery of the larger unit in September, which may be deployed in the Gulf region for on-site demonstration and testing.
The large capacity unit is highly mobile and can be moved from site to site for technology demonstrations and deployment in short-term commercial operations. It comes equipped with its own storage, separation and containment tanks and micro-aeration generators and is fully automated, thus requiring minimal human supervision. In addition, Wescorp has designed a large, skid-mounted H20maxx unit capable of processing up to 65,000 barrels (2.8 million gallons) of contaminated seawater per day. This unit has been designed to operate on land or on sea and will be marketed to marine and emergency response customers.
Technology Treats Oilfield “Produced” Water
Wescorp originally developed H20maxx technology for oilfield applications in the remediation of “produced” water, which is contaminated water left over from drilling operations. This water is tainted with hydrocarbons, sand, drill cuttings and salt and must be cleaned of residual oil and other pollutants. Oil and gas companies dispose of approximately 250 million barrels of produced water each day and pay as much as $12 per barrel for its treatment and disposal. H20maxx removes more hydrocarbons than other treatment methods, which can leave behind as much as 5,000 to 30,000 parts per million of hydrocarbons. In comparison, H20maxx reduces hydrocarbon content of treated water to less than ten parts per million. By using H20Maxx, oil companies can reduce their disposal costs since the treated water is cleaner. In addition, they can recover and sell higher quantities of residual oil. Another benefit of H20maxx technology is that oil companies are able to recycle treated water in their drilling operations, thus reducing fresh water consumption.
Lisa Springer, CFABio and disclaimer: http://www.investorideas.com/About/Lisa-Springer-CFA/
The author, Lisa Springer, was compensated for writing this article and doesn't own shares of any of the companies mentioned in this article.
About Wescorp (OTC.BB: WSCE)
Wescorp Energy Inc. (www.wescorpenergy.com) is a clean water Solutions Company focused on implementing its superior yet low cost solutions into the oil and gas production industry.
Investors can view the full company profile at http://www.investorideas.com/CO/WSCE/
or visit the company website at http://www.wescorpenergy.com/
Investors can research more water stocks with the global water stocks directory at Investorideas.com.
About Water-stocks.com Investorideas.com and www.Water-Stocks.com are positioning to be a leading destination for cleantech investors researching the water space.
www.Water-Stocks.com, a portal within the InvestorIdeas.com content umbrella, offers investors research tools, news, Blogs, online conferences, Podcasts, interviews and a directory of public companies within the water sector.
About http://www.investorideas.com/:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Disclosure/disclaimer -Wescorp (OTCBB: WSCE is a paid advertising showcase stock by a third party; 2500 per month plus stock options) Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured showcase companies MSEX, news submissions and online advertising. Compensation Disclosure and disclaimers: www.InvestorIdeas.com/About/Disclaimer.asp, http://www.investorideas.com/About/News/Clientspecifics.asp
For More info on http://www.water-stocks.com/
Contact:
D Van Zant 800-665-0411
Email: dvanzant@investorideas.com
Web Site: www.InvestorIdeas.com www.water-stocks.com
Showing posts with label Gulf Spill Clean Up. Show all posts
Showing posts with label Gulf Spill Clean Up. Show all posts
Subscribe to:
Posts (Atom)