NB COMPANY BIOPOLYNET NAMED A WINNER OF INNOVATIVE SAND & WATER TECHNOLOGIES GRAND CHALLENGEPowering Collaboration Judge Panel Choose 5 Cash Prize Winners admin July 21, 2015
Fredericton-based Biopolynet has been named one of the 5 cash prize winners for the Innovative Sand & Water Technologies Grand Challenge, Topic 1: Reduced Use of Sand in Onshore Operations.
Energy giants Statoil and GE teamed up for the award in an effort to find new ways of dealing with sand in shale gas production. The Sand Challenge looked to explore new ways of reducing the environmental impact of transporting sand and water used in the production of onshore hydraulic fracturing operations. The winning solutions have the potential to reduce the environmental impacts on local communities, lessen emissions and make energy production more efficient.
Each of the 5 winners will receive an initial cash price of $25,000 and will be eligible to receive additional funding from a prize pool of $375,000. Click here to learn more.
Biopolynet has a product that makes fluid more viscous, thus increasing its ability to support a solid. This would counteract the tendency for proppants to settle, making the proppant potentially more effective. It also makes the proppants slightly ‘sticky’ helping the particles to adhere to the surface of fissures in the formation.
Click here to learn about the other 4 winners.
Biopolynet’s technology has applications for oil & gas, agriculture, forestry, mining and quarrying, vineyards, iron ore pellet production, and more. Click here to learn more about Biopolynet.