MGX has the right to acquire a 100% interest in PurLucid Treatment Solutions Inc. (see press release dated September 15, 2016). MGX can earn an initial 50% interest in PurLucid by making a staged CA$5 million investment and also holds an option acquire a 100% interest for an additional investment of $10 million.
About PurLucid Treatment Solutions
PurLucid utilizes exclusively licensed nanoflotation technology to provide oilfield operators with wastewater solutions. This patented technology separates heavy metals and hydrocarbons from brine, purifying wastewater and creating a steady flow of brine feedstock.
The PurLucid management team includes some of the foremost experts in oil field wastewater management. For more information visit www.purlucid.com.
Integration and Collaboration
MGX and PurLucid are integrating respective technologies and manufacturing pilot plants that can operate as standalones or be deployed directly into oilfield operators’ existing infrastructure.
Front-end water purification and pre-treatment system