FORT LAUDERDALE, Fla., Aug. 21, 2012 (GLOBE NEWSWIRE) -- Enviro Voraxial Technology, Inc. (OTCBB:EVTN) announced today that it has received an order for its Voraxial ® 2000 Separator System to be used in the Canadian oil sands market. The Voraxial System is leased to a US based multi-national conglomerate for a project in conjunction with a leading oil sands producer. The equipment will be used for 3-way separation of oil/sand/water, a major issue for the oil sands sector.
Oil sands, historically known as "tar sands", use an enormous amount of water during the extraction process to help separate the heavy crude oil, also known as bitumen, from the sand, clay and water that make up the oil sands. Water is also used to produce hydrogen, essential in converting the bitumen into a lighter, upgraded crude oil. Typically between two and four barrels of water is required for each barrel of oil produced by oil sands. In 2011 it is estimated that approximately 170 million cubic meters of water (45 billion gallons) was used by the oil sands operation in Canada. This is an average of 123 million gallons per day. The Voraxial 8000 Separator, the largest model manufactured by EVTN, processes approximately 7 million gallons per day.
The US based customer is leasing the Voraxial 2000 Separator System, a multi-step, turnkey process that is capable of cleaning the water at approved discharge limits. EVTN offers the Voraxial both as a stand-alone or incorporated within a turnkey system to meet the customer's specific fluid separation requirements. As the Voraxial doesn't require a pressure drop, complete turnkey systems can be manufactured in a compact and cost effective manner.EVTN manufactures 4 different models with its largest model, the Voraxial 8000 Separator, capable of processing up to 5,000 gallons per minute. Customers with high water volume are keenly interested in this model as it significantly reduces the overall cost of processing their fluid stream, including acquisition, installation and operating costs. EVTN is experiencing an increasing demand for its products and services. "We continue to see an increase in projects and deployments in the oil and gas market, specifically for produced water and frac water," stated John A. Di Bella, CEO of EVTN. "We are excited about the increased customer inquiries and deployment opportunities."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV