LiqTech International, Inc. (NASDAQ: LIQT) announced the receipt of an order from one of the world's leading integrated energy companies to deliver a pilot system for produced water treatment in the U.S. This produced water treatment order strengthens the relationship between the two companies with the intention to use the results as the basis to design commercial systems for onshore oil and gas applications in the U.S.
"I am extremely pleased with the progress we are making within the broader oil and gas industry, and especially within the U.S. for our state-of-the-art ceramic silicon carbide filtration technologies for liquid purification," commented Fei Chen, CEO of LiqTech. "This order is key for LiqTech as it becomes the second significant produced water treatment order we have received in the U.S. in just the past few months, highlighting the capabilities our systems provide to challenging purification applications. We look forward to meeting the requirements of this customer within this new application, and the significant opportunity it can bring to both parties over the long-term."
The new pilot system is scheduled to be delivered to the customer in the third quarter of 2024 to demonstrate and document the efficiency of LiqTech's unique silicon carbide ceramic ultrafiltration technology in treating produced water to facilitate re-injection and beneficial reuse and meet current regulatory requirements.
Earlier this year, LiqTech received its first U.S.-based order for its containerized pilot system to address produced water treatment filtration for re-injection and reuse, as well as lithium harvest, from Razorback Direct. The system is currently on site with an oil and gas customer to test, demonstrate and document the efficiency in treating produced water to facilitate beneficial industrial reuse and meet current and future regulatory requirements. To date, the system has been running stably for more than two months with test data highlighting that all requirements are being met.
"The U.S. oil and gas industry is increasingly understanding the importance to use produced water to offset freshwater demand both inside and outside the oilfield," Chen continued. "Our solution can be key to reducing OpEx for our customers, and meetings their desire set forth to drive sustainability going forward. With two U.S.-based pilot systems in place that could each turn into multi-system orders, plus the broader industry showcase that each will provide, we believe the opportunity in the U.S. is extremely bright."