Proactive Investors - Run By Investors For Investors

MGX Minerals installs second oil wastewater treatment system in Alberta

The system, being installed by engineering partner PurLucid, has been deployed to an oil sands facility in Alberta
Nodding donkey
The process separates impurities from oil and gas wastewater to yield clean water

MGX Minerals Inc (CSE:XMG) (OTCQB:MGXMF) reported another milestone Thursday, as it revealed its second innovative oil wastewater treatment system is being installed in Alberta.

The system, being installed by engineering partner PurLucid, has been deployed to an oil sands facility in Alberta, the group said in a statement, where it will  treat wastewaters typical for steam assisted gravity drainage (SAGD) facilities.

READ THE DEEP DIVE: MGX Minerals advances on many fronts as world embraces renewable technology

Commissioning is on track to be completed by the target date of June 7 this year.

The technology sees a series of filtration methods, which separates impurities from oil and gas wastewater to yield clean water as a final product.

Earlier this year, a first system was deployed at oilsands SAGD operation in Alberta, Canada to process evaporator blowdown water (EBD).

MGX has said it expects revenue of C$2 million in 2019 during the ramp-up of the first two contracted systems.

Superior treatment

MGX says the system offers superior treatment compared to conventional technology because it can treat wastewater brines without having to cool the water first. 

This means significantly less energy use for the SAGD facility when managing produced water and also eliminates the major operational challenge of a heat exchanger fouling, it said.

Vancouver-headquartered MGX is a resource and technology company with interests in global advanced material, energy and water assets.

Shares in Canada surged over 12% to $0.28 on the day.

---Updates with share price rise---

Contact Giles at [email protected]

Follow him on Twitter@Gile74

View full XMG profile View Profile

MGX Minerals Inc. Timeline

Related Articles

1542878130_copper-periodic-table-2.jpg
November 22 2018
Lucky Minerals holds a large swathe of land in highly prospective but largely unexplored area
Argentina is prospective for a variety of battery minerals, including vanadium and lithium
April 25 2019
The company has issued regular updates on a review and recapitalisation plan.
A vessel is loaded up, ready to leave Esperance port with Bald Hill lithium concentrate bound for China
January 16 2019
The merged companies had been equal partners on WA’s Bald Hill spodumene mine.
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use