Aug 13 2008
Global Water Technologies, Inc., ("GWT") a technology driven water purification and services provider to the $400 billion water industry, announced that it had filed a provisional patent application for its newly developed Sulfuric acid generation process.
Sulfuric acid is the world's most widely used chemical and has seen a substantial increase in demand and cost over the past 24 months. The rise in Sulfuric acid costs is primarily due to greater worldwide use by multiple industries, including agriculture, steel, mining, refining, and water treatment. Sixty percent of Sulfuric acid production is used for making fertilizers, which has seen a spike due to increased crop production, some of which is being consumed for Ethanol.
The Company has successfully demonstrated the technology and process in its facilities and is now moving toward various field demonstrations and commercial applications.
- George Kast , CEO stated, "This is potentially one of our most significant technology developments and market opportunities to date. The rising cost of Sulfuric Acid coupled with the increased cost of transportation, presents a unique opportunity for our technology in this vast market. We plan to market the technology through various channels, including direct service contracts for the supply of acid, licensing to various industries and countries, as well as utilization in our own water treatment facilities. The net result is that we can generate H2S04 on site at a substantial savings to the current spot market price and do so without the risks and costs associated with transporting bulk liquid acid. We are seeking financial and strategic partners to assist with capitalizing on this tremendous market opportunity."
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