LiqTech Receives First U.S.-Based Oil & Gas Produced Water Order As Part Of New Agreement With Razorback Direct
Portfolio Pulse from Benzinga Newsdesk
LiqTech International, Inc. (NASDAQ:LIQT) has received its first U.S.-based oil & gas produced water order from Razorback Direct Oilfield Solutions and Services LLC, marking a significant milestone in its North American expansion. The order is for a containerized pilot system for produced water treatment, leveraging LiqTech's silicon carbide ceramic membranes technology. This follows a distribution agreement between LiqTech and Razorback Direct aimed at commercializing LiqTech's filtration technology for water treatment in the U.S. oil & gas sector. The successful operation of a similar system in the Middle East, demonstrating high efficiency and minimal chemical use, supports the potential for this technology in the U.S. market.
March 12, 2024 | 1:08 pm
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LiqTech's first U.S.-based oil & gas produced water order from Razorback Direct signifies a strategic expansion in North America and showcases the potential of its silicon carbide ceramic membranes technology in the U.S. oil & gas sector.
The announcement of LiqTech's first U.S.-based order represents a significant milestone in the company's strategic efforts to penetrate the North American market, particularly in the oil & gas sector. This development not only validates the company's technology but also opens up new commercial opportunities. Given the successful operation of a similar system in the Middle East, this news is likely to be viewed positively by investors, potentially leading to a short-term uptick in LIQT's stock price.
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