ConocoPhillips becomes 3rd Saltworks Technologies investor
Canadian desalination and brine treatment company Saltworks Technologies announced on 23 May 2014 that it had received investment funding from ConocoPhillips Company, Saltworks' third industrial shareholder."Through their investments, ConocoPhillips, Teck and Cenovus have demonstrated their interest in Saltworks' products and technologies," said Saltworks' CEO Ben Sparrow, who memorably brought a demo model of his then-new process to an International Desalination Congress in Dubai in 2009 in a suitcase.
"Our products align well with the needs of resource and energy companies, and are designed ground-up for safe and reliable operation in severe environments, providing maximum recovery at a low cost, and modularity for ease of service and dispatch," said Sparrow.
In 2010, ConocoPhillips launched the Global Water Sustainability Center in Doha, Qatar, to study technology related to produced water and desalination.