Saltworks Technologies has received investment funding from ConocoPhillips (NYSE: COP), making the Houston-based E&P company Saltworks’ third major industrial shareholder. Saltworks’ products are intended for robust and reliable operation in the world’s most demanding desalination applications.
With its investment, ConocoPhillips joins two of Canada’s leading resource and energy companies as an equity investor in Saltworks: Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK), Canada’s largest diversified resource company; and Cenovus Energy Inc. (TSX, NYSE: CVE), a Canadian oil company.
“Through their investments, ConocoPhillips, Teck and Cenovus have demonstrated their interest in Saltworks’ products and technologies,” said Saltworks’ CEO Ben Sparrow. “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.”
About ConocoPhillips
ConocoPhillips is the world’s largest independent E&P company based on production and proved reserves. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 27 countries, $62 billion in annualized revenue, $120 billion of total assets, and approximately 18,800 employees as of March 31, 2014. Production from continuing operations, excluding Libya, averaged 1,530 MBOED for the three months ended March 31, 2014, and proved reserves were 8.9 billion BOE as of Dec. 31, 2013. Visit ConocoPhillips for more information
Saltworks Technologies is a leader in the development and delivery of solutions for industrial wastewater treatment and lithium refining. By working with customers to understand their unique challenges and focusing on continuous innovation, Saltworks’ solutions provide best-in-class performance and reliability. From its headquarters in Richmond, BC, Canada, Saltworks’ team designs, builds, and operates full-scale plants, and offers comprehensive onsite and offsite testing services with its fleet of mobile pilots.
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