Startup Of ThermoEnergy FracGenâ¿¢ Unit In Southwest Completes Company's Full-Cycle Water Management Solution For Oil & Gas Hydrofracking
WORCESTER, Mass., Nov. 20, 2012 /PRNewswire/ -- ThermoEnergy Corp . (OTCBB: TMEN), a diversified technologies company engaged in the development and sales of wastewater recovery technologies, has announced the startup of its first commercial scale hydrofracking water production unit at an oil field in the Southwestern region of the U.S. The ThermoEnergy FracGen™ unit will remove brine and other impurities from brackish water located deep in local aquifers and produce water suitable to be used in hydraulic fracturing for recovery of oil and gas from shale formations.
"Many Hydrofracking sites are located in places where fresh water is scarce and must be trucked in at considerable expense," said Cary Bullock, ThermoEnergy Chairman and CEO. "FracGen™ offers significant improvements in hydrofracking sustainability and cost efficiency."
ThermoEnergy recently announced the successful pilot testing of its Turbofrac™ system for cost-effective treatment and recycling of produced water from hydrofracked wells. The Turbofrac system builds on the company's patented CAST® (Controlled Atmospheric Separation technology) for wastewater recovery. Together, FracGen™ and Turbofrac™ offer the Oil & Gas industry a complete water lifecycle management solution for more cost-effective and sustainable hydrofracking operations."The abundant and affordable energy provided by hydraulic fracturing techniques will be a key driver of economic recovery, not only in the U.S. but around the globe," said Bullock. "Hydrofracking requires both the consumption and disposal of huge amounts of water. Water is an even more precious commodity than energy. Sustainable water management solutions like FracGen™ and Turbofrac™ are absolutely critical to the sustainability of the energy industry and our economic future." About ThermoEnergy Corp. Founded in 1988, ThermoEnergy is a diversified technologies company engaged in the worldwide development, sales and commercialization of patented and/or proprietary wastewater treatment and power generation technologies. The company has been a pioneer in the development of sustainable water treatment technologies that help clients operate more efficiently, save money, reduce their carbon footprints, and meet sustainability goals. Additional information on the Company and its technologies can be found on its website at www.thermoenergy.com 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.
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 + 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