BALLERUP, Denmark and HOUSTON - LiqTech International, Inc. (NASDAQ: NASDAQ:LIQT), a specialist in filtration technologies, has announced a distribution agreement with Razorback Direct Oilfield Solutions and Services LLC to market its water treatment solutions in the U.S. The partnership aims to commercialize LiqTech's filtration system for water re-injection and lithium extraction in five states, including Texas, Oklahoma, Louisiana, Ohio, and Pennsylvania.
The agreement leverages LiqTech's ceramic silicon carbide filtration technology, which has been operational since May 2022 in the Middle East, where it successfully treated produced water, surpassing user expectations in quality and efficiency. The system's low chemical usage and energy-efficient operation have demonstrated its potential to meet stringent regulatory standards.
Razorback Direct, known for its focus on the reuse and recycling of produced water in the oil & gas sector, seeks to reduce operational expenses through efficient chemistry solutions. The collaboration with LiqTech enhances Razorback's offerings by incorporating LiqTech's ultrafiltration technology.
Fei Chen, CEO of LiqTech, emphasized the strategic importance of the North American market and the role of water as a critical asset in sustainability and regulatory compliance. The partnership is expected to aid oil and gas operators in managing water resources more effectively.
Ray Juman, CEO of Razorback Direct, highlighted the benefits of LiqTech's membrane filtration systems, noting their environmental friendliness and operational expenditure advantages. He anticipates the technology will be well-received in the U.S. market, complementing Razorback's service capabilities and technical expertise.
This alliance is based on a press release statement and reflects the companies' commitment to advancing water treatment solutions in the oil and gas industry. As per the release, the partnership is poised to offer a significant enhancement to water management practices within the sector.
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