New Zealand start up signs USD $40 million deal with U.S. Oil and Gas Company

29 May 2018 2:46 PM | Conrado Langer (Administrator)

Aquafortus Technologies has signed an exclusive licensing agreement with Texas-based PetroH20 Recovery. The deal, valued at USD $40 million for the initial three years and over USD $25 million yearly beyond, is to deploy Aquafortus’ patented zero liquid discharge technology in the U.S. oil & gas market.

Aquafortus specialises in taking wastewater with high levels of salinity and through its patented zero liquid discharge (ZLD) technology separating the brines into dry mineral salts and clean water.

Source: Scoop