Midland, TX, September 21, 2016 --(PR.com
)-- Neptune Water Remediation Services announced the completion of an equity investment by Morrow Renewables of Midland, Texas. The announcement coincides with the manufacturing and production of the company’s water treatment and reclamation technologies for the mining and oil & gas industries.
Neptune Water Remediation Services, through the Fisk Neptune Processor technology, provides for waste water treatment, pollution control, brine removal and produced water processing to optimize water resources and reduce fresh water consumption.
Brian Fisk, Founder and CTO stated, “We are excited about the formation of our partnership with Morrow Renewables. Their team and fabrication expertise as well as market relationships in oil & gas and landfills are important contributions to our firm. Paul and Luke Morrow are terrific businessmen who understand the application of our technology and will be instrumental in providing guidance to our company as partners and directors.”
The investment includes Morrow Renewables providing critical fabrication skills and market knowledge beyond the capital investment. Morrow Renewables is active in methane recovery and landfill gas plants for over twelve years. The agreement provides for the manufacturing and licensing of key technologies, including the Fisk Neptune Processor.
Paul Morrow commented, “We have been working with Brian Fisk in developing this relationship over the past several months. We were impressed with the technological innovation of the water remediation process and the Fisk Neptune Processor. Our participation allows Morrow Renewables, with over fifteen years of experience, to provide our expertise in design and fabrication to Neptune Water Remediation Services while also extending this technology to new markets to include landfill leachate.”
Mark A. Skoda, CEO of Neptune stated, “Paul and Luke Morrow reflect solid business skills and market knowledge. While capital is an important part of their contribution, it is their market knowledge and fabrication capabilities that form the basis for this strategic relationship. And of course, with the basing of Neptune in Midland, we are in the middle of the oil patch and our potential customers.”
About Morrow Renewables
Morrow Renewables, formerly SouthTex Renewables, has established a reputation as one of the top firms in America for design, construction, start up, and operation of high BTU landfill gas plants. Morrow Renewables has over 12 years’ experience in LFG gathering, compression, treating, and marketing, as well as NSPS compliance assistance.
The company also holds a patent on carbon dioxide stripping of pre-treat solvent for landfill gas applications, as well as two patents pending for deeper stripping of solvent to achieve higher methane purity in sales gas.
About Neptune Water Remediation Services LLC
Neptune Water Remediation Services is a North American water remediation technology company focusing on efficient removal of pollutants in water used for industrial and commercial processes. Water is key to life and our technology provides benefits for our clients, shareholders and the community at large.
Our technology spans water remediation and cleanup for the oil & gas, mining and geothermal industries through the use of our Fisk Neptune Processor. The solution can produce potable water and energy for remote applications in water stressed environments.