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OriginOil to launch Hong Kong subsidiary for China business12
In California, OriginOil will launch a subsidiary in Hong Kong and grant it a master license for business in China.
In California, OriginOil will launch a subsidiary in Hong Kong and grant it a master license for business in China. In turn, the subsidiary is expected to license regional joint ventures for frack and waste water treatment. A research and a manufacturing center are also planned. The company is prospectively looking at developing a relationship with JiangSu NJU Environmental Technology Co., Ltd., an award-‐winning spinoff of Nanjing University which claims more than 30 model facilities in Nanjing Chemical Plant and 10 provinces and cities. The new subsidiary will benefit from OriginOil’s business development in China, consisting of potential waste treatment projects which process more than 60,000 m3 (15,000,000 gallons) per day in the aggregate.
About OriginOil, Inc.
OriginOil has developed a breakthrough water cleanup technology for the oil & gas, algae and other water-intensive industries. Unlike other technologies, the company's patent-pending Electro Water Separation™ process rapidly and efficiently removes organic material from large quantities of water without the need for chemicals. For the oil & gas industry, OriginOil is helping clean up produced water and recycle fracking water, to reduce harm to the environment and lower costs. For the emerging algae industry, OriginOil is making large-scale harvest possible. And in aquaculture, OriginOil is helping improve yields and making seafood healthier by dramatically reducing the levels of toxic ammonia and bacteria in water. For a world short on clean water, OriginOil is the lower-cost and cleaner answer. To learn more about OriginOil®, please visit our website at www.originoil.com.
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