OriginOil to License Clean-Frack Process
September 14, 2012
riginOil, Inc. has announced that it intends to license its proprietary Clean-Frack™ process under private label to firms offering oil and gas water treatment solutions, in a first deployment of the “Powered by OriginOil™” brand. Design integration has begun with a first prospective licensee.
“Because it can get 98% of the contaminants out of frack water, our process positions as the first stage for cleanup systems,” said Riggs Eckelberry, OriginOil CEO. “Cleanup firms can integrate Clean-Frack seamlessly into their systems and under their own brand. We see this as the way to distribute our breakthrough process in the shortest possible time.”
Under a typical private label scenario, OriginOil might grant a non-exclusive license to bundle OriginOil’s high-speed and chemical-free Clean-Frack technology into a licensee’s frack water cleanup system, with royalties derived from a share of revenues.
OriginOil’s Clean-Frack process is based on the company’s Solids Out of Solution™ technology – originally developed for algae harvesting – that efficiently removes oils, suspended solids, insoluble organics and bacteria from produced or ‘frac flowback’ water, on a continuous flow basis and without the use of chemicals.