January 24, 2012
Enviro Voraxial Technology, Inc. announced today that it has deployed a Voraxial® 2000 System to an oil and gas service company for frac water and produced water treatment.
Hydraulic fracturing is a process used in a majority of the natural gas wells and many oil wells in the United States, where millions of gallons of water, sand and chemicals are pumped underground to break apart the rock and release the gas and oil from deep shale formation.
Much of this water is returned to the surface to be treated prior to discharge. The efficient processing and safe disposal of the water used to fracture shale and enable commercially successful oil and gas production is a key issue facing this industry.
The Voraxial's® unique characteristics, specifically the ability to provide high volume, efficient separation in a compact device and without any pressure loss is increasing the demand for the product in the oil and gas market, including frac water treatment. Further, customers value the ease of installation and operation, and its economical benefits, specifically the cost savings experienced from the acquisition, installation, operation and maintenance of the equipment.
Since the Voraxial® is compact, complete turnkey systems can be supplied to treat a variety of fluid streams to reduce the customers treatment cost and increase the separation efficiency. The Voraxial® can also be easily retrofitted into existing systems to improve its overall performance.
Oil companies and oil service companies require a solution to their wastewater problem as produced water, the water generated during the production of oil and gas, comprises over 98% of the total waste volume generated by the oil and gas industry. The worldwide ratio of barrels of water generated for every barrel of oil produced is approximately 5 to 1. As the United States has more mature wells, it is estimated that 10 barrels of water are generated for every barrel of oil. The Voraxial® Systems are being used to treat produced water for both offshore and onshore production facilities.
"We continue to see a greater demand for the Voraxial® Separators, specifically from the oil exploration and production market," said John A. DiBella, CEO of EVTN. "The Voraxial's® separation efficiency coupled with its ease of installation and operation is a very attractive feature for operators."
ABOUT ENVIRO VORAXIAL TECHNOLOGY
Enviro Voraxial Technology, Inc. (OTCBB “EVTN”) is a Fort Lauderdale, Florida based CleanTech company that developed and manufactures the Voraxial® Separator, a highly efficient technology for high volume, bulk separation of fluids such as oil and water.
The Voraxial® Separator, a unique, patented in-line turbo-separator that provides a cost effective method to efficiently separate large volumes of solids and liquids with different specific gravities and without the need of a pressure drop. The Voraxial provides highly efficient bulk separation while requiring less space, energy and weight than conventional separators processing the same volume. The Voraxial® is capable of simultaneously separating up to three components, such as oil, water and sand. The Voraxial® can be used as a stand-alone separator or incorporated with other equipment to provide a complete turnkey solution that allows customers to treat a variety of fluid streams while reducing treatment cost and increasing separation efficiency.
The separation market encompasses a series of multibillion dollar segments, spread globally across many industries and applications. EVTN continues to pursue the oil & gas industry but is also processing proposals from other industries such as mining, food processing, manufacturing and oil spill industries. EVTN owns significant IP surrounding the Voraxial and has new innovations under development. Please see www.evtn.com for additional information.
Safe Harbor Disclosure -- This Release contains or incorporates by reference "forward-looking statements," including certain information with respect to plans and strategies of Enviro Voraxial® Technology, Inc. For this purpose, any statements regarding this announcement, which are not purely historical, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including Enviro Voraxial® Technology, Inc. beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and based on information available to Enviro Voraxial® Technology, Inc. as of such date. There are a number of important factors that could cause actual events or actual results of Enviro Voraxial® and its subsidiaries to differ materially from those indicated by such forward-looking statements.