Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Moving the Algae Appliance into the oil field

Ian Gilson, CFA

OriginOil (OOIL) has announced the engagement of Clean Water Technology Inc. (CWT - Snapshot Report) (a private company in Los Angeles CA.) to manufacture the oil/water separation units and integrate them into existing equipment in the oil field. OriginOil worked with CWT when the Australian algae harvesting pilot program was scaled up. The units will be used for field validation in Texas later this year.

CWT has a 20 year history of waste water treatment including dissolved air flotation systems and waste water secondary and tertiary treatment using modular systems. Pace Engineering and OriginOil will work together to design and make first units to process up to 60,000 gallons a day. This is a small scale unit as the amount of flowback water produced at a drilling site is well in excess of this amount.

The separation of oil and water from fracking flowback liquids has been validated by PACE Engineering, a civil engineering firm in Fountain Valley, California. The Algae Appliance was able to remove 98% of the organic material in one pass (including crude oil), which is substantially more than the 78% removed by conventional methods. After a third treatment the chemical oxygen demand was reduced and the water clarified.
 

Please visit scr.zacks.com for a free copy of the full research report.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
BOFL HOLDING BOFI 85.03 +4.64%
DIXIE GROUP DXYN 15.24 +3.81%
RAMBUS INC RMBS 12.20 +3.48%
DAIMLER AG DDAIF 93.31 +3.26%
CELL THERAPE CTIC 3.08 +3.01%