I really like this part and its what I've been saying all along,it will move ESPH in the long run....BIG TIME
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"We have been unable to identify any other company in the world that, at the well site, can provide oil and gas operating companies with clean, bacteria-free frac fluid at high volume without the use of chemicals. Although competitors are coming to market with alternatives to traditional chemical fracturing processes, we are not aware of any other company that has a process that eliminates the use of chemicals on the front end of a frac in real time. Because most oil and gas operating companies are using chemicals in their completions solutions, Ecosphere's primary competitors/substitutes (on the front end) continue to be the major chemical companies, such as Nalco (a division of Dow Chemical) and Champion that manufacture and sell the chemicals to the oil and gas operators. However, Halliburton Co. recently introduced solutions that claim to reduce the amount of chemicals used in the fracturing process and in treating flowback and produced waters. Halliburton is a leading oil and gas service company and is expected to be a formidable competitor. See Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations.
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Our competitive advantages include cost and the ability to recycle much higher volumes of frac flowback. The footprint of the Ecosphere Ozonix® mobile water treatment units is considerably smaller than our competitors to treat the same volumes of frac flowback waters and has been further reduced with the development of the EF60. Unlike our competitors' processes, the Ecosphere Ozonix® process does not need a particular water temperature or pH level with expansion capability to receive continuous water flow for treatment at high volume. Our process provides an enhanced stream of clean water at the site. Our competitors, including chemical companies and Halliburton, however, have substantially greater fmancial, management, engineering, technical, sales, and marketing resources than we currently have."
AI
