EVTN Announces Order for the Canadian Oil Sands Sector
FORT LAUDERDALE,FL. Aug. 21, 2012 - Enviro Voraxial Technology, Inc. (OTCBB: EVTN) announced today that it has received an order for its Voraxial® 2000 Separator System to be used in the Canadian oil sands market. The Voraxial System is leased to a US based multi-national conglomerate for a project in conjunction with a leading oil sands producer. The equipment will be used for 3-way separation of oil/sand/water, a major issue for the oil sands sector.
Oil sands, historically known as “tar sands”, use an enormous amount of water during the extraction process to help separate the heavy crude oil, also known as bitumen, from the sand, clay and water that make up the oil sands. Water is also used to produce hydrogen, essential in converting the bitumen into a lighter, upgraded crude oil. Typically between two and four barrels of water is required for each barrel of oil produced by oil sands. In 2011 it is estimated that approximately 170 million cubic meters of water (45 billion gallons) was used by the oil sands operation inCanada. This is an average of 123 million gallons per day. The Voraxial 8000 Separator, the largest model manufactured by EVTN, processes approximately 7 million gallons per day.
The US based customer is leasing the Voraxial 2000 Separator System, a multi-step, turnkey process that is capable of cleaning the water at approved discharge limits. EVTN offers the Voraxial both as a stand-alone or incorporated within a turnkey system to meet the customer’s specific fluid separation requirements. As the Voraxial doesn’t require a pressure drop, complete turnkey systems can be manufactured in a compact and cost effective manner.
EVTN manufactures 4 different models with its largest model, the Voraxial 8000 Separator, capable of processing up to 5,000 gallons per minute. Customers with high water volume are keenly interested in this model as it significantly reduces the overall cost of processing their fluid stream, including acquisition, installation and operating costs.
EVTN is experiencing an increasing demand for its products and services. “We continue to see an increase in projects and deployments in the oil and gas market, specifically for produced water and frac water,” stated John A. Di Bella, CEO of EVTN. “We are excited about the increased customer inquiries and deployment opportunities.”
About Enviro Voraxial Technology: EVTN is the developer and manufacturer of the Voraxial® Separator, an efficient, high volume, low energy and compact bulk fluid and fluid/solid separation technology. The separation market encompasses a series of multibillion dollar segments, spread globally across many industries and applications. The Voraxial configuration is a unique, patented, in-line, continuous processing separator, that is capable of pumping and simultaneously separating up to three components, such as oil, water and sand. Voraxial bulk separation, for a given volume, is achieved at a small fraction of the weight, size, energy requirement, maintenance and cost of conventional separators. The Voraxial is scalable to handle very large volume requirements and slurries with high solid content. The Voraxial can be used as a stand alone or incorporated with other equipment to provide a complete solution to the customer. EVTN owns significant IP surrounding the Voraxial and has new innovations under development. For additional information, please visit www.evtn.com.
Safe Harbor Disclosure -- This Press Release contains or incorporates by reference "forward-looking statements," including certain information with respect to plans and strategies of Enviro Voraxial Technology, Inc. (“EVTN”). 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 EVTN 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 EVTN as of such date. There are a number of important factors that could cause actual events or actual results of EVTN and its subsidiaries to differ materially from those indicated by such forward-looking statements.
CONTACT:
Enviro Voraxial Technology, Inc., Fort Lauderdale
Laura DiBella: (954) 958-9968
E-mail: sales@evtn.com
Company web site: http://www.evtn.com
Tags: