June 7, 2012
/PRNewswire/ -- Extractive industries in the oil and gas sector represent a growing market opportunity for companies with new water treatment technologies such as ThermoEnergy, (OTCBB: TMEN) (
said in reaction to a recent article in
magazine. The article is available at:
The article noted that oil and gas producers use large volumes of water and need technologies to clean contaminated water and manage the disposal of hazardous waste. ThermoEnergy is ready to help, Bullock said.
ThermoEnergy's water division is a leading provider of custom designed, turn-key wastewater treatment, chemical recovery and water conservation and reuse systems to remove, recover, and recycle chemical and metal residuals in industrial wastewater. ThermoEnergy is an integrated technologies company engaged in the worldwide development and sales of sustainable technologies for wastewater recovery and clean energy production. Bullock noted that ThermoEnergy's CAST® and RCAST® (Controlled Atmosphere Separation Technology) systems are today's most economical and efficient technologies.
cited research released by Global Water Intelligence (GWI) which valued the worldwide mining water treatment market at
in 2011, which is expected to reach
by 2014. GWI said that water treatment in the oil sector was
in 2010 and is expected to rise to
Shale gas extraction from fracking is a technology that is spreading from
potentially representing the largest opportunities outside of
THIS PRESS RELEASE INCLUDES STATEMENTS THAT MAY CONSTITUTE "FORWARD LOOKING" STATEMENTS, USUALLY CONTAINING THE WORDS "ESTIMATE", "PROJECT", "EXPECT" OR SIMILAR EXPRESSIONS. FORWARD LOOKING STATEMENTS INHERENTLY INVOLVE RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM CURRENT EXPECTATIONS. BY MAKING THESE FORWARD LOOKING STATEMENTS, THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE THESE STATEMENTS FOR REVISIONS OR CHANGES.