H2O Processing CEO commented, “This newly developed system is designed to process small quantities of a client’s delivered crude before being connected to our larger iron removal system. Nothing like this currently exists for on-site testing and calibration so we had to create equipment that would not only help calibrate the larger system but provide an efficient process to treat larger quantities of contaminated crude in a seamless manner. Including this first step creates a screening mechanism that will increase throughput.”
The testing and calibration unit is small enough to be delivered to a client’s site on a pallet, but robust enough to assist the on-site engineers in evaluating crude oil iron content so that the larger high-volume systems can be properly calibrated to treat full deliveries in large quantities. Once calibrated, the delivered crude will be directly connected to H2O Processing’s full scale metal ion/iron removal system which can be adjusted and customized to meet the barrels-per-minute needs of oil producing clients.
Metals in crude oil carry the potential of interfering with the oil refining processes through excessive coke formation, which is why many refineries will not accept heavy crude with a high metal ion count. Currently, many oil producers that exceed an iron range of 0-10 ppm are penalized between
Chief Executive Officer of
H2O Processing expects to deliver full-scale mobile metal ion/iron removal systems in the near-term future.
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This news release may include "forward-looking statements" including forecasts, estimates, expectations, and objectives for future operations including but not limited to its ability to conclude a business combination with a third party, sale of assets, return of capital or initial public offering and/or a secondary listing as a result of aforementioned and its ability to fund the exploration of its assets through the raising of equity or debt capital or through funding by a joint venture partner that are
subject to a number of assumptions, risks, and uncertainties, many of which are beyond the control of H2O Processing including but not limited to capital markets and securities risks and continued development success on technology. There can be and are no actual or implied guarantees that any of the above activities will be completed or completed on terms acceptable to the Company and its shareholders or approved by any regulatory authority having jurisdiction. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. H2O Processing does not assume the obligation to update any forward-looking statement, except as required by applicable law.
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