MGX Minerals to trial water/lithium extraction process with oil and gas major
MGX Minerals Inc (CSE:XMG) is to set up a demonstration plant for an unnamed oil and gas major to showcase its pioneering water handling and lithium extraction technology.
The cleantech process separates minerals, heavy metals and hydrocarbons from wastewater brine pumped to the surface during oil and gas operations.
Analysis and laboratory testing will start with 1,000 cubic meters per day of production water.
Two initial test sites have been chosen where waste disposal costs are currently in excess of US$10 per barrel of waste water.
MGX aims both to reduce these disposal costs significantly through identifying wastewater handling and other cost-cutting measures and to extract minerals such as lithium to purify the water and generate mineral credits to offset water handling costs.
Earlier this week, MGX said it had finalised an agreement with tech firm PurLucid Treatment Solutions Inc to buy the latter in a staged process.
In September last year, MGX initially bought a 26.6% stake in PurLucid for $1mln and has now chosen to exercise the option to acquire a further 7.5% by issuing 1.5mln shares to PurLucid shareholders.
“As activity within the oil and gas industry continues to pick up in North America, the cost of wastewater treatment and disposal options is a growing concern for oil and gas developers,” Jared Lazerson, MGX Minerals‘ chief, had said.
“This new technology enables oil and gas providers to treat their wastewater with a highly effective, low energy solution which replaces conventional methods such as disposal wells using the brine water as the primary feedstock for our petrolithium extraction process.
PurLucid’s technology will integrate with MGX’s rapid lithium extraction process to separate oil from lithium-bearing brine, allowing for more efficient large scale recovery of lithium and other valuable minerals from oilfield brine.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/177312/mgx-minerals-to-trial-waterlithium-extraction-process-with-oil-and-gas-major-177312.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).