QualityStocks would like to highlight Abtech Holdings, Inc. (OTCBB: ABHD), an environmental technologies company that provides various solutions to address issues of water pollution in the United States. The company offers the Smart Sponge polymer technology used as a filtration media to remove hydrocarbons and other pollutants from flowing or pooled water.
In the company’s news yesterday,
AbTech Holdings announced that the company has been selected to receive the 2012 Technological Innovator Award at the Third Annual World Shale Oil & Gas Summit this year (Sept 18-21) in Houston, Texas.
For a company like ABHD, whose AbTech Industries, Inc. and AEWS Engineering subsidiaries collectively comprise a whole host of engineering competencies in the water treatment/remediation area, this award is a serious nod from one of the key industries. The burgeoning global shale oil and gas industry’s top decision makers, as well as research/technical people, will be on hand for what is always an extremely influential industry event, presented in partnership alongside the American Gas Association and International Gas Union.
The other two awards given out at the event, the International Pioneer and Community Engagement Leader awards, are also quite influential and, as always, nominations for these awards has been arrived at via the Summit’s selection committee, consisting of senior industry leaders. Recipients are honored by the committee at an exclusive awards dinner, which will be hosted this year by top sector player, BHP Billiton, September 19 at the famous Petroleum Club of Houston.
A huge coup for ABHD, whose innovative Produced Water Pre-Treatment System, which incorporates the company’s incredibly powerful, proprietary Smart Sponge® de-oiling technology, has sparked the imagination of this year’s committee. The revolutionary Smart Sponge technology has proven itself able to pull an impressive 99.9% of hydrocarbons out of the frac flowback/produced water, leaving behind a media heavily saturated and possessing a very high BTU content that can then be employed as an energy source for the operation itself.
But this technology doesn’t stop at hydrocarbons; it’s engineered to pull out a spectrum of other contaminants as well, heavily benefitting from the company’s broad technical expertise in the field. Utilizing a sophisticated, but very robust three-stage process (including recovery of oil, de-oiling, and taking out the volatile organic compounds via air stripping), the company’s pretreatment system affords operators a very modular solution that dovetails nicely with any kind of downstream systems already deployed in the field.
AbTech founder Glenn Rink hailed this clear recognition by the industry as a prominent sign that ABHD’s drive to produce viable, sustainable natural gas production technologies for a breakout global shale gas market, which has seen a huge rate of activity increase in the U.S. alone, is something that has not gone unnoticed by the senior industry partners. Rink underscored the combined tech portfolio of ABHD and its ability to handle both the typical water and air pollution concerns which arise during fracking operations. ABHD systems reduce the amount of fresh water usage as well, simultaneously harvesting out the hydrocarbons that would otherwise be lost and end up as pollutants, driving that energy back into the production operation in a highly localizable manner.
The constant dedication to R&D by ABHD as a whole has proven its effectiveness once again and this award is merely a hallmark of the larger, growing industry presence such technological marvels afford the company and its shareholders. This focus on innovation will no doubt continue to help the company carve out a solid market space in the thriving hydrocarbon recovery sector, a sector which shows very few, if any, signs of slowing down.
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