Chemical know-how developer SciDev (ASX: SDV) is gaining traction within the US market, saying its first main order for friction reducers within the oil and fuel sector.
The corporate has developed and commercialised a number of solids-liquid separation applied sciences for the mining, dairy and meals product industries, in addition to for the therapy of commercial wastewater and sewerage.
Utilizing its proprietary OptiFlox know-how, the corporate’s US subsidiary SciDev (US) LLC developed chemistry that considerably reduces friction for each proppant and oil hydraulic transport.
In an announcement right this moment, SciDev stated its focused push into the US market is beginning to repay with orders positioned for supply in August and September, to generate a complete income of greater than A$1 million.
The friction reducers are anticipated to be destined for the Permian Basin, which covers components of Texas and New…