Followers | 15 |
Posts | 571 |
Boards Moderated | 1 |
Alias Born | 08/04/2011 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Saturday, July 18, 2015 11:03:00 AM
The global produced water treatment systems market is estimated to grow at a CAGR of 6.1 percent between 2014 and 2020, according to a Future Market Insights report.
According to Global Produced Water Treatment Systems: Market Analysis and Opportunity Assessment, 2014 – 2020, produced water reinjection is becoming the norm in the petroleum industry.
In 2014 alone, 201.4 billion barrels of produced water were generated from oil and gas wells across the globe. Of these, 136.9 billion barrels were disposed of, and over 65 billion barrels were re-injected into oil fields, both onshore and offshore. As resultant, produced water volumes are expected to rise to over 340 billion barrels by 2020.
In addition, offshore reinjection is anticipated to display a fastest CAGR of 23 percent from 2014 to 2020, followed by onshore reinjection at a 13.4 percent.
By technology type, the secondary treatment system segment dominated the global produced water treatment systems market in 2013, accounting for $1.6 billion. The secondary treatment system segment is expected to reach $2.2 billion by 2020, exhibiting a CAGR of 5.3 percent during the forecast period. However, tertiary treatment systems segment is projected to witness fastest CAGR of 9.1 percent over the forecast period.
A crude oil production site in Italy will use GE’s advanced evaporator and zero liquid discharge (ZLD) technology to recycle up to 98 percent of produced water. The installation is slated for completion by the end of this year.
Read more: http://www.environmentalleader.com/2015/03/18/produced-water-treatment-systems-market-booming/#ixzz3gFtT9Uuv
Recent OCLN News
- Form QUALIF - Notice of Qualification [Regulation A] • Edgar (US Regulatory) • 07/08/2024 04:15:06 AM
- Form 1-A - Offering Statement [Regulation A] • Edgar (US Regulatory) • 05/24/2024 01:56:36 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 09:30:31 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/08/2023 10:27:24 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 07:36:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/28/2023 07:34:11 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/25/2023 07:21:16 PM
FEATURED Cannabix Technologies to Deliver Innovative Breath Logix Alcohol Screening Device to Texas, USA • Jul 29, 2024 9:07 AM
INDEXR AI Merges With Moon Equity Holdings Corp. (MONI), Creating a Leading-edge Technology Company • MONI • Jul 29, 2024 9:59 AM
BNCM AND DELEX UNVEIL POST-MERGER MANAGEMENT PLANS • BNCM • Jul 29, 2024 9:00 AM
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM
Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • SSV • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM