Opportunities in fracking water treatment remain despite oil price drop
Published: Wednesday, 12 August 2015
According to a report from Lux Research, although fracking activity – which uses a large amount of water – has declined, the industry still presents ample opportunity for water management companies willing to come up with new solutions. Among the minerals used in water treatment that could benefit from this are alumina, magnesium hydroxide and lime.
The steep drop in oil prices and subsequent decline in hydraulic
fracturing (fracking) activity has had a wide-reaching
impact on a number of industries, however Lux Research has
estimated that the sector’s water management
market is still worth around $1.9bn.
Despite the drop in fracking wells from 2,300...