MGX Minerals to trial with 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.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/177312/mgx-minerals-to-trial-with-waterlithium-extraction-process-with-oil-and-gas-major-177312.html
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