Water is the big issue with CBM Production...............
RANCHO SANTA MARGARITA, Calif., July 2 /PRNewswire-FirstCall/ -- Catalyx Fluid Solutions (CFS), a division of RG Global Lifestyles, Inc. (OTC Bulletin Board: RGBL - News), has signed a five-year contract with one of the U.S.' top 30 natural gas production companies for RG Global to construct and operate a water treatment plant employing RG Global's proprietary ion exchange technology that will remove contaminants from the produced water associated with coal bed methane (CBM) production. The project will be implemented in three phases, each phase generating $6.8-7.0 million over five years. The first phase is expected to be operational in seven to eight months, with all three phases expected to be completed within 18 months, resulting in a total revenue stream of $20-22 million over the length of the contract. The client will have the right to extend the term of the contract beyond the first five years when regulatory authorities extend their discharge permits.
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RG Global's CFS system enables removal of sodium, barium, iron and other inorganic contaminants that can pose an environmental threat from CBM-produced water for significantly less cost per barrel than the prevailing industry rates.
Catalyx's flexibility allows energy companies to instantly adapt to changing wastewater conditions. The treated water will be totally safe for irrigation and wildlife with no hazardous byproduct. With razor thin margins in CBM production, Catalyx's lower cost makes it economically feasible to ramp up production of this plentiful form of clean-burning energy.
"Our sodium removal capability and low cost could be critical factors in restarting the CBM operations idled in multiple states due to environmental reasons, as well as make new drilling and production feasible," said RG Global Chief Technology Officer Juzer Jangbarwala.
The CFS system removes the sodium and other contaminants, making more than 99% of the water fit for discharge or irrigation, therefore generating less than 1% as a non-hazardous waste stream primarily consisting of sodium sulphate (a.k.a. Glauber's salt) that can be concentrated and sold as a raw material to several industries. Competing technologies produce up to 15% byproduct stream, typically sodium chloride.
Existing technologies have been unable to cost effectively treat water to meet Montana and Wyoming's stringent discharge standards, resulting in the shut down of several wells and drilling operations.
About RG Global Lifestyles, Inc.
RG Global Lifestyles, Inc. develops and markets innovative technologies for water purification and wastewater treatment. Major energy production companies have selected RG's proven Catalyx® technology to economically treat coal bed methane wastewater, making production of this plentiful, clean-burning gas more economically feasible and environmentally friendly. RG manufactures OC Energy(TM) brand energy drinks that boast a proprietary energy pack, natural vitamins and low sugar levels to intensify alertness without the typical crash. RG's Aquair(TM) atmospheric water generators produce purified water from air - the ideal solution for military troops, disaster and drought-stricken areas and situations where drinkable water isn't easilyaccessible. For more information, visit rgglife.com.
Safe Harbor Statement
The statements contained herein that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, risks associated water generation products, risks associated with dependence on third parties, and other risks identified from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission. All forward-looking statements attributable to the Company, or persons acting for the Company, are expressly qualified in their entirety by these cautionary statements.
Contact: Julie Shepherd, Accentuate PR, (815) 479 1833, Julie@accentuatepr.com |
