MGX Minerals and Engineering Partner PurLucid Nearing Commissioning of Oilfield Lithium Recovery and Wastewater Treatment Sys...
May 16 2018 - 8:15AM
InvestorsHub NewsWire
MGX Minerals and
Engineering Partner PurLucid Nearing Commissioning of Oilfield
Lithium Recovery and Wastewater Treatment
Systems
Vancouver, BC -- May 16, 2018 -- InvestorsHub
NewsWire -- MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) and its 51% owned engineering
partner PurLucid Treatment Solutions Inc.
(“PurLucid”) are pleased to provide a progress report related to
the deployment of lithium recovery and wastewater treatment systems
in Alberta, Canada. To date MGX and PurLucid have completed
commercial-scale trials with multiple oilfield operators and are
now preparing to deploy systems.
The first scheduled deployment is with
a major oil and gas operator in Alberta to operate an integrated
wastewater treatment and lithium recovery system. Sufficient data
has been collected to allow for engineering designs specific to the
deployment site and PurLucid has completed fabrication of the
combined system. Delivery of the system remains on track and is
scheduled for commissioning shortly.
The second scheduled deployment
represents a contract and agreement between a consortium including
government, oil and gas operator, MGX and Purlucid to receive and
treat evaporator blowdown wastewater (“EBD”). The contract will
include installation of three treatment systems.
The first system is an EBD treatment
system (10 m3/hr) which will take highly concentrated
evaporator brine and treat it to a level suitable for reinjection
on site.
The second system is a high temperature
system that will be installed to treat produced water following
oil-water separation. The technology provides superior treatment
outcomes when compared to conventional technology and can do so
without cooling water first. This will result in significantly less
energy use for water treatment and also eliminate the single major
operational challenge of a steam assisted gravity drainage (“SAGD”)
facility, which is heat exchanger fouling. By eliminating the need
for cooling, heat exchangers are also eliminated. The high
temperature system will also be used to test the patent-pending
combined power generation design. This design will fill the void in
electrical capacity as coal is phased out while generating enough
steam for a combined heavy oil recovery project. With the
high-pressure water treatment and co-gen design facilitated by this
treatment approach, heavy oil production will have a lower GHG
footprint than conventional oil.
The third system is a larger-scale
version (35 m3/h) of the first system and is intended
for deployment to treat one-through steam generator (“OTSG”) boiler
blowdown. This blowdown represents the largest water loss at any
SAGD facility.
The goal is to create treated water
suitable for reuse, saving the majority of water loss in most SAGD
projects. The system will also greatly reduce both the complexity
and cost for new and expansion SAGD projects while at the same time
demonstrating large-scale treatment capabilities suitable for other
thermal and industrial wastewaters. The Projects represent
significant cost savings for oilfield operators in water handling
and revenue for MGX and Purlucid in wastewater treatment with
additional opportunity for lithium and mineral recovery.
Nanoflotation and
Nanofiltration Technology
PurLucid and MGX systems utilize a
highly charged Replaceable Skin Layer (RSL™) membrane related to
the nanofiltration and High Intensity Froth Flotation (HiFF)
system, known as nanoflotation, which collectively have
demonstrated performance superiority over other processes typically
used to remove contaminants. The technology allows ultra-high
temperature water treatment (up to 700°C) at 10-30 times the
efficiency of existing ultrafiltration systems and offers numerous
environmental benefits, including contaminant removal, mineral
recovery, reduced energy demand and smaller footprints. The
technology has been chosen as a finalist for the 2018 S&P
Global Platts Metal Breakthrough Solution of the Year Award.
Winners will be announced at a black-tie celebration on May 17,
2018 at the Marriott Grosvenor Square in London. For more
information visit https://gma.platts.com/Finalists/Finalists2018.
About
PurLucid
PurLucid’s exclusively licensed and
patented nanoflotation technology was designed specifically for
oilfield environments. The technology separates impurities from oil
and gas wastewater and produces clean water as a final product.
This allows for the recycling or controlled release of oilfield
wastewater and reduces or eliminates downhole and associated
transportation costs. Water handling costs are one of the largest
operating costs in the oilfield and oilsands operations today.
Learn more at www.purlucid.com. MGX maintains the right to
acquire 100% of PurLucid through successive future
investments.
About MGX
Minerals
MGX Minerals is a diversified Canadian
resource company with interests in advanced material and energy
assets throughout North America. Learn more at www.mgxminerals.com.
Contact
Information
Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com
Neither the Canadian Securities
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Canadian Securities Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking
Statements
This press release contains forward-looking
information or forward-looking statements (collectively
"forward-looking information") within the meaning of applicable
securities laws. Forward-looking information is typically
identified by words such as: "believe", "expect", "anticipate",
"intend", "estimate", "potentially" and similar expressions, or are
those, which, by their nature, refer to future events. The Company
cautions investors that any forward-looking information provided by
the Company is not a guarantee of future results or performance,
and that actual results may differ materially from those in
forward-looking information as a result of various factors. The
reader is referred to the Company's public filings for a more
complete discussion of such risk factors and their potential
effects which may be accessed through the Company's profile on
SEDAR at www.sedar.com.
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