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Friday, February 17, 2017 9:50:41 AM
Fluid Solutions Group Executes Purchase Order for Mobile Chlorine Dioxide Units
Chicago, IL -- November 25, 2015 -- InvestorsHub NewsWire -- IDGlobal Corp. (OTC: IDGC) is pleased to announce that its wholly-owned subsidiary Fluid Solutions Group, Inc. (FSG) has executed a purchase order for its first two (2) mobile chlorine dioxide units for the treatment and processing of water used in oil field operations.
FSG, through its partners and affiliates, has the initial opportunity to be awarded multi-year contracts to perform water recycling on up to 60,000,000 barrels of produced water per year, requiring 10 recycling centers. This produced water which is a byproduct along with the oil and gas that is produced from a well needs to be treated, filtered and the residual oil in it recovered in order to be discharged.
The initial (2) 53-foot Mobile Chlorine Dioxide (CLO2) Tandem Spring Ride Chassis portable treatment systems can do one well per week at an average price of $0.37 per barrel. It requires a minimum of 125,000 barrels of water to hydraulic fracture a well. The systems typical capability is treating 500,000 barrels a week which gives us a 4 to 1 safety margin to handle larger water requirements or treating multi-wells at a time.
IDGCs CEO, Sebastien DuFort, was quoted stating This is an exceptional opportunity for FSG to get involved with proven producers in the water treatment industry. The mobile units allow the flexibility to operate anywhere in the world and help maintain a higher margin per barrel. We look forward to updating shareholders as we bring this exciting new technology online. Additionally, by the end of 2015, we anticipate structuring and announcing a dividend to existing shareholders and a spinoff of the companies' subsidiaries.
http://ih.advfn.com/p.php?pid=nmona&article=69474896
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IDGlobal Corp. Executes Joint Venture With Dynasonic Solutions
GlobeNewswire•December 14, 2016
CARSON CITY, Nev., Dec. 13, 2016 (GLOBE NEWSWIRE) -- IDGlobal Corp. (IDGC) is pleased to announce the signing of a Non-Exclusive joint venture with Dynasonic Solutions, Inc. (Calgary, AB, Canada). The agreement consists of Dynasonic providing use of its existing, proprietary, portable oil/water/solids separator units, and there are various performance-based criteria requirements by both parties. Currently, Dynasonic is operating in Alberta, Canada, as well as in the state of Texas, USA. The agreement calls for the rollout of 6-8 units by IDGlobal Corp. over the next eighteen-months throughout North America, and we anticipate the first unit to be delivered and operational within 45 days. The revenue projections per unit is between $2.4 million US and $5.1 million US, depending on the consistency of the material handled, with IDGlobal Corp. realizing 70% and Dynasonic 30% of revenue.
CEO Ken Berscht states, “This is the initial step in working with an existing proprietary technology handling both inorganic and organic materials, thus launching part of the Company's new business strategy.”
https://finance.yahoo.com/news/idglobal-corp-executes-joint-venture-235809722.html
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