ANAHEIM, Calif., Jan. 29 /PRNewswire-FirstCall/ -- RG Global (OTC Bulletin Board: RGBL) announced today that the company is on schedule for construction of its coal bed methane water treatment plant and discussed numerous projected growth areas for the Company.
Coal Bed Methane Water Treatment Plant On Schedule
RG Global's Catalyx Fluid Solutions (CFS) expects to complete construction by the end of February on its first plant employing the Catalyx Fluid Solutions ion exchange technology to treat water discharged during the harvesting of coal bed methane (CBM). Final commissioning of the plant should be completed by the end of March 2008. The plant, located in Wyoming, will remove excess sodium and other environmentally harmful minerals from the CBM-produced water as part of a previously announced five-year, $20-22 million gross revenue Build-Own-and-Operate contract with one of the largest CBM production companies in the U.S.
"Numerous energy production companies have expressed keen interest in our CFS technology and we are currently in negotiations for additional CBM water treatment plants in the U.S. and abroad," said Juzer Jangbarwala, RG Global CTO. "RG Global is in an excellent position to capitalize on the increased interest in coal bed methane as an unconventional fuel in many countries that are attempting to reduce their dependence on oil and coal."
Additional Water Treatment Applications
Water has been capturing headlines as an increasing valuable resource,
particularly in drought-stricken areas and where there is widespread
contamination in the water supply, causing skyrocketing demand for
effective, cost-efficient water treatment technologies such as RG Global's
CFS solution. CFS is in negotiations with multiple companies for additional
applications of its ion exchange technology, which can be used to remove
nitrates, arsenic, sodium and a wide variety of inorganic contaminants from
water to make it suitable for h
|SOURCE RG Global Lifestyles, Inc.|
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