PWA Granted $11 Million For Water Treatment Operations

 
June 30, 2011
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Produced Water Absorbents Inc. (PWA) reported the successful completion of an initial funding round of $11 million to expand commercial operations treating produced water, flow-back and hydraulic fracturing water clean-ups. The financing is led by Energy Ventures, a venture investment fund focused on upstream oil and gas technologies. Energy Ventures is joined by Harris and Harris Group (Nasdaq: TINY) and a limited partnership comprised of Ohio-based industrialists.

The $11 million raised will be used to accelerate upstream oil and gas usage of Osorb technology.  Osorb is a swellable, molecularly-modified glass capable of ...


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