[video]
Patron Co-Founder & Latitude Solutions Independent Director, John Paul DeJoria on the growing negative sentiment among Americans and how people do their part to help the country and the economy.
See the Video Here: video.foxbusiness.com
The Marcellus Shale opportunity is a “once-in-a-generation energy and economic opportunity for Pennsylvania”, stated the president of the Pennsylvania Environmental Council. The Marcellus Shale formation underlies approximately three-fourths of Pennsylvania, parts of New York, West Virginia, Maryland and Ohio. There are currently 1,500 Marcellus Shale wells located in Pennsylvania today. It is estimated that another 35,000-50,000 wells could be drilled by 2030.
Importantly, state and environmental officials realize that dealing with the major water related environmental issues are now front and center regarding future development. We know that planning for and handling contaminated frac and product water issues will be the major environmental factor that needs to be addressed in this area in particular as well as globally.
LSI’s wholly-owned operating subsidiary, Latitude Clean Tech Group, Inc.’s, (“LCTG”), proprietary Integrated Water Systems TM technology is uniquely positioned to play a vital role in resolving these issues. LCTG’s propriety water remediation technology has successfully demonstrated it efficacy in treating Marcellus and similar waters as well as tailings waters in the Alberta Oil Sands and many other mining and drilling operations. As environmental policies and enforcement continue to tighten, the company has increased its focus in these areas with the intention of building strategic alliances with new and existing oil and gas service companies in order to take full market advantage of the use of our Integrated Water Systems TM technology in this major growth area.
(Source: latitudesolutions.net)
All this attention has been uncomfortable for the gas companies, but it is forcing them to deal with their wastewater in a more substantial way. In particular, energy companies are interested in onsite water treatment options.
“We predict that the integrated wastewater appliances that emerge in Marcellus will replace off-site disposal as a predominant practice in shale gas drilling,” says the Artemis report.
Water technology companies smell opportunity, and several big companies that have historically handled wastewater disposal in central treatment locations are working on new strategies. They are naturally well positioned to exploit this opportunity as they have standing relationships with the oil and gas companies. However, emerging companies have a unique opportunity right now, says the report:
“There is an urgent need for a reliable water management solution, which has created a game-changing vacuum…. The unique situation in Marcellus has opened a window of opportunity where technology and innovation trump the positions held by established companies, allowing these emerging companies to gain access to end customers. Until the bigger players that are the gatekeepers “crack the code” and establish strong onsite water treatment solutions for shale gas drilling, promising young technology solutions companies have a chance to commercialize their solutions and attain sustainable profitability by deploying quickly.”
The report also says that several emerging companies have received interest, funding, and support for product testing and validation from gas companies.
Shenkar told me she expects to see turnkey solutions, the equivalent of a PC or other end-user product. “These products offer a company operating in a remote location a portable solution that will give them the ability to precisely execute the several processes required to clean the water and to validate the results by testing it afterward,” she said. “We believe Marcellus will demand that, and technology can do that better than humans.”
In particular, Shenkar believes companies may be motivated by the Sarbanes–Oxley Act of 2002, which set new accountability standards for public companies in the United States.
“Under the act, a CEO could theoretically be thrown in jail for failing to clean up the water to accepted standards,” she said. “The validation component of these turnkey solutions, in particular, is likely to be in demand as industry standards come into focus.”
(Source: latitudesolutions.net)
All this attention has been uncomfortable for the gas companies, but it is forcing them to deal with their wastewater in a more substantial way. In particular, energy companies are interested in onsite water treatment options.
“We predict that the integrated wastewater appliances that emerge in Marcellus will replace off-site disposal as a predominant practice in shale gas drilling,” says the Artemis report.
Water technology companies smell opportunity, and several big companies that have historically handled wastewater disposal in central treatment locations are working on new strategies. They are naturally well positioned to exploit this opportunity as they have standing relationships with the oil and gas companies. However, emerging companies have a unique opportunity right now, says the report:
The report also says that several emerging companies have received interest, funding, and support for product testing and validation from gas companies.
Shenkar told me she expects to see turnkey solutions, the equivalent of a PC or other end-user product. “These products offer a company operating in a remote location a portable solution that will give them the ability to precisely execute the several processes required to clean the water and to validate the results by testing it afterward,” she said. “We believe Marcellus will demand that, and technology can do that better than humans.”
In particular, Shenkar believes companies may be motivated by the Sarbanes–Oxley Act of 2002, which set new accountability standards for public companies in the United States.
“Under the act, a CEO could theoretically be thrown in jail for failing to clean up the water to accepted standards,” she said. “The validation component of these turnkey solutions, in particular, is likely to be in demand as industry standards come into focus.”
We have previously written regarding the environmental issues relating to the oil extraction process and the resulting water related issues on the Oil Sands in Alberta, Canada. On March 30, 2010, Latitude CleanTech™ Group (“LCTG”) completed the second successful demonstration of our Integrated Water Solutions™ technologies with one of the major oil companies in Alberta. The results from the demonstration have been confirmed by independent laboratory analysis.
Water related environmental issues continue to bring pressure on the Alberta government and Alberta premier Ed Stelmach has said, “it intendeds to strongly enforce strict, new clean-up rules.”
Latitude CleanTech™ Group is nearing completion of its proprietary state of the art 100 gallons per minute (GPM) or 155,000 gallon per day facility. The facility is self-contained in a specially designed 40 foot mobile heated/air conditioned container. The plant is anticipated to be put into service within two months.
At issue are what the industry calls “mature fine tailings”, minute clay particles that can remain suspended in waste water for centuries if left untreated. During the demonstration, our technology has shown a 99.96% efficiency in dealing with these colloidal particles.
Latitude CleanTech™ Group expects to play a significant role in solving the Alberta Oil Sands major water related issues.
(Source: latitudesolutions.net)