MCW Energy Group Limited, (MCW), a Canadian holding company involved in the development and implementation of oil sands technologies, through MCW Oil Sands Recovery, LLC, (MCW Oil Sands) today announced that current discussions are being held to explore the possibilities of an association with Apateq and its North American-based subsidiary, an industry leader in wastewater remediation technologies.
The focus of this potential cooperation between the two companies would be to combine MCW’s proven oil sands extraction technology with Apateq's membrane-based solutions for the treatment of process water and industrial wastewaters. The target would be to develop a portfolio of technologies to serve the oil and gas industry as well as heavy industry applications in wastewater extraction/treatment.
MCW has spent six years developing an environmentally friendly extraction technology, which is now into successful production in Utah. This technology can also be applied to oil sands deposits and remedial applications for the massive tailings ponds in Alberta, Canada on a cost-efficient basis. MCW’s unique closed-loop technology requires no water, produces no greenhouse gases or high temperatures or pressures. Apateq full-solution systems feature portable, compact designs resulting from the company’s extensive knowledge of packaged, containerized modules. MCW and Apateq are considering the co-development of versatile, mobile units using environmentally friendly technologies for the remediation of contaminated soil and water. Both companies recognize the global potential of contamination remediation, not only in the oil and gas industry but in heavy industry as well.
“The synergy of both companies’ technologies is impressive. They both improve the environment with the separation of hydrocarbons and other hazardous materials from water, sand and soil. MCW’s extraction technology was originally developed as a remediation technology, therefore a potential to work alongside Apateq means that MCW is gradually creating a portfolio of extraction technologies which are all environmentally friendly. It’s a logical next step for our company,” stated MCW’s chief technology officer, Dr. Vladimir Podlipskiy.
“With this proposed joint venture approach, our two companies are further strengthening our respective RDI efforts, and we will have the ability to develop new markets and revenue streams with an expanding portfolio of extraction and filtration technologies,” stated Apateq CEO, Bogdan Serban. “This proposed affiliation will enable MCW and Apateq to exploit our many years of combined technological experience and market know-how. A successful alliance would produce a comprehensive portfolio of mobile soil/water remediation solutions.”
Discussions are continuing in order to establish a foundation for an association between the two companies. Further press releases will be jointly issued when a relationship structure has been formalized as well as a prioritized list of new product technologies. Both parties agree that their proposed association will potentially open the doors to significant, new revenue streams and will create a new benchmark for environmentally conscious clean-up standards.