DALLAS, Sept. 22, 2017 /PRNewswire/ -- Fracking is a
necessary part of our nations release of oil and gas that is
trapped inside the earth. The concern in the oil industry is that
the cost of transporting fracking water, which becomes contaminated
with chemicals, will rise dramatically over the next four
years. Bluefield Research, which tracks water strategies and
trends for industry, states that $6.4
billion dollars were spent in 2014 on water supply storage,
transport, treatment, and disposal. Genesis Research and Technology
Group has developed and patented a technology, with a green
footprint, that cuts the cost by 80%.
"The use of fracking is not the issue it is necessary; but, the
cost of toxic water and transportation of that water to disposal
sites is a tremendous expense," says Ron
Price, CEO of Genesis Research and Technology Group.
Genesis, who plans to release an ICO next week on the
cryptocurrency exchange, produces a state-of-the-art technology
that can be used on-site and clean the water at up to
2,000 barrels per hour, or scaled to fit a companies needs at
20,000 barrels per hour. The water can then be safely reused. "The
technology is revolutionary and will save the oil and gas industry
hundreds of millions of dollars and protects the environment while
at the same time, it eliminates transportation of contaminated
water," says Billy Hood, VP
Marketing, Genesis Research and Technology Group.
Dr. Jean-Phillipe Nicot, senior research scientist at the
University of Texas at Austin states,
"Because of the potential toxicity to water-borne organisms, frack
water cannot simply be disposed of in surface waters. There are
chemicals, oil droplets, rock fragments, polymers and a bunch of
gunk you need to get rid of." The Genesis patented technology in a
portable, scalable unit resides on site and treats the
water which can then be reused for multiple purposes.
About Genesis Research and Technology Group: Genesis
Research and Technology Group is a U.S.-based company that has
developed a patented, state-of-the-art technology that
provides clean reusable water for the world's population. The
Company exploits its chemical-free technology as its efforts are
being recognized by several leading government agencies developing
and implementing Green technologies to protect and preserve our
earth's resources.
Genesis Research and Technology Group provides custom-built
state-of-the-art water treatment technologies for all types of
water. Years of research and development go into perfecting this
technology that allows Genesis to offer its clients a sole source,
re-usable water filtering and cleansing technology that is totally
chemical free.
Media Contact:
Patricia Almand
Phone: 855-8100UMG
Email: patricia@umgad.com
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SOURCE Genesis Research & Technology Group