The oil industry is effectively a water industry which delivers oil as a byproduct.
Los Angeles, CA (PRWEB) January 07, 2015
OriginOil Inc. (OTC/QB: OOIL), developer of Electro Water Separation (EWS), the high-speed, chemical-free process to clean up large quantities of water, announced today that in a letter to shareholders, CEO Riggs Eckelberry reported that as oil prices continue to fall, energy consumption increases — and water use. For every barrel of oil, the petroleum industry must handle eight barrels of water.
Increasingly, treatment and reuse is the money-saving option. That's why the global Produced water treatment market size is estimated to exceed $8.0 billion by 2019. The treated water can benefit drought-parched areas like California, and help the industry improve its image as a good neighbor.
The full report is now available on OriginOil.com's website at http:// http://www.originoil.com/ceos-update/the-produced-water-tsunami
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