Denver, CO, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Umbra Applied Technologies Group, Inc’s (OTC Pink: UATG) subsidiary, H2O Processing, announced today that it will begin delivering a proprietary, industry specific testing and calibration system to calibrate metal ion/iron removal processes for its larger industrial iron removal system, to sites in south Texas. The first unit is currently in production and expected on site within weeks.
H2O Processing CEO commented, “This newly developed system is designed to process small quantities of a client’s delivered crude before being connected to our larger iron removal system. Nothing like this currently exists for on-site testing and calibration so we had to create equipment that would not only help calibrate the larger system but provide an efficient process to treat larger quantities of contaminated crude in a seamless manner. Including this first step creates a screening mechanism that will increase throughput.”
The testing and calibration unit is small enough to be delivered to a client’s site on a pallet, but robust enough to assist the on-site engineers in evaluating crude oil iron content so that the larger high-volume systems can be properly calibrated to treat full deliveries in large quantities. Once calibrated, the delivered crude will be directly connected to H2O Processing’s full scale metal ion/iron removal system which can be adjusted and customized to meet the barrels-per-minute needs of oil producing clients.
Metals in crude oil carry the potential of interfering with the oil refining processes through excessive coke formation, which is why many refineries will not accept heavy crude with a high metal ion count. Currently, many oil producers that exceed an iron range of 0-10 ppm are penalized between $10-$40 per barrel of oil with producers providing in excess of 500 ppm being rejected entirely. Many oil producers are left stuck holding and storing oil that cannot be sold or refined. The newly developed technology by H2O Processing, Inc resolves this currently global issue.
Chief Executive Officer of UAT Group stated, “This is an important first step in scaling operations. In preparation of future full-scale systems being delivered to potential clients, H2O Process has begun staging manufacturing for this pre-cursor system. This is being done to increase efficiencies and to reduce pipeline delivery times. Eventually, the larger treatment systems will follow and begin treating product across the U.S.”.
H2O Processing expects to deliver full-scale mobile metal ion/iron removal systems in the near-term future.
For more information about H2O Processing, Inc. visit: https://h2oprocessing.com/
For more information, visit: www.uatgroup.com
Investor and Media Contact: info@uatgroup.com
About H2O Processing, Inc.
The company is located in Denver, CO and is an advanced water treatment technology company.
NEITHER THE SECURITIES EXCHANGE COMMISSION NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Forward-Looking Information
This news release may include "forward-looking statements" including forecasts, estimates, expectations, and objectives for future operations including but not limited to its ability to conclude a business combination with a third party, sale of assets, return of capital or initial public offering and/or a secondary listing as a result of aforementioned and its ability to fund the exploration of its assets through the raising of equity or debt capital or through funding by a joint venture partner that are
subject to a number of assumptions, risks, and uncertainties, many of which are beyond the control of H2O Processing including but not limited to capital markets and securities risks and continued development success on technology. There can be and are no actual or implied guarantees that any of the above activities will be completed or completed on terms acceptable to the Company and its shareholders or approved by any regulatory authority having jurisdiction. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. H2O Processing does not assume the obligation to update any forward-looking statement, except as required by applicable law.
