OriginOil Inc has signed its first agreement to licence its proprietary CLEAN-FRAC process with oil and gas water treatment firm Pearl H2O.
The agreement is part of OriginOil's"Powered by OriginOil"strategy of deploying its technology across OEMs who will integrate it into their systems and under their own brand.
Under the terms of the OEM agreement,OriginOil has granted a non-exclusive license to Pearl H2O to bundle OriginOil's high-speed and chemical-free CLEAN-FRAC technology with Pearl H2O's frac water cleanup system.OriginOil's CLEAN-FRAC process is based on the company's Solids Out of Solution technology that removes oils,suspended solids,insoluble organics and bacteria from produced or'frac flowback'water,on a continuous flow basis and without the use of chemicals.
Pearl H2O has recently engineered an integrated system that can clean up frac water to safe water standards using the OriginOil CLEAN-FRAC process as the first stage.The company has allocated funding for a demonstration scale system,with production units to follow.
Pearl H2O is a newly funded Fountain Valley,California-based company founded by Pacific Advanced Civil Engineering's(PACE)shareholders to develop new technology primarily in the water and energy fields and bring commercial viable solutions to the marketplace.
Cory Severson,president of Pearl H2O,said:"When PACE validated OriginOil's technology on very contaminated frack flowback water from Texas,we knew they had a winner.We tested many processes for the removal of organics and none were even close to the performance we saw with OriginOil technology.OriginOil's technology is an important part of Pearl's solution,and we look forward to supporting OriginOil's rollout under our new partnership."
