River Birch Global Water partners on new U.S.-based wastewater remediation business
Quantum Water Services Corp. is a new Delaware-based corporation that will specialize in the treatment of wastewater in the oil & gas industry.
Toronto-based River Birch Global Water Inc. has established a U.S.-based subsidiary in Delaware, and together with business partners NuWater Systems LLC, Infinity Resources and Mobile Data the group has established Quantum Water Services Corp. as a new business that will specialize in the remediation of wastewater in the oil & gas industry.
“Our creation of our U.S. subsidiary and our partnership in Quantum represents another significant milestone for River Birch Global Water as we focus on becoming a global leader in the water industry,” said Peter Deacon, River Birch’s president and CEO in a company release. “Current technology will enable us to clean the water, extract chemicals for re-sale, and make the water safe for reuse by industry or to be released back into the environment.”
Leveraging the combination of industry/field experience from the business partners, Quantum looks to capitalize on this large and growing market focusing on comprehensive wastewater treatment generated during the on-shore production of oil and gas from either conventional or frac-drilled wells.
“We are excited at the opportunity to deploy water service assets to support oil and gas production by remediating water used in the hydraulic fracturing process. Quantum provides a water solution to enable production to come online while delivering an environmentally sensitive process to cleaning used production water,”said Deacon.
According to a 2017 Bloomberg article, 30-50 million barrels of wastewater are produced every day in the Permian Basin in Texas. Quantum plans to grow aggressively to service the market by opening up to 15 depots to treat oil and gas wastewater by 2021.