LPV technology treats the challenges associated with high salt levels and total dissolved solids in produced and fracking backflow water generated by oil and gas activities. Next Fuel believes that LPV technology could provide a cost-effective method for treating and/or recycling this type of wastewater.
Following its acquisition of the LPV technology, the company entered into a six-month agreement with the University of Wyoming to advance its development and to construct a prototype LPV system. The agreement has an expected expense of $50,000.
"We look forward to our collaboration with the University of Wyoming to develop an LPV prototype, which should represent a significant milestone in our quest for commercialization of this new technology,” said Song Jin, president and chief technology officer of Next Fuel Inc. “The university has outstanding credentials, and its research capabilities should prove invaluable in this joint development effort."
The Carbon Dioxide to Product (CTP) technology focuses on the emerging market for carbon footprint elimination and abatement of greenhouse emissions. CTP technology, which integrates biochemistry with engineering, is designed to convert carbon dioxide (CO2) generated by electric power plants and other fossil fuel-burning industries into value-added products, while also closing the "carbon loop.
The CTP process requires minimum energy input. The profit center resides in both the feedstock credits (CO2 from stack emissions) and the creation of value-added products.
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