Monday, May 24, 2010

Canadian firm Genoil in Discussions with BP re Gulf disaster clean-up

According to a press release dated today, Genoil, of Edmonton, is "in discussions" with BP and "United States authorities" regarding the oil spill disaster in the Gulf of Mexico.

As detailed in my post on Friday, May 21, Genoil is a publicly traded company specialized in upgrader and oil sands related technologies, which include capabilities in both sand cleaning and oil / water separation.

The press release mentions that Genoil is also currently "in discussions in the Middle East regarding oil spills from the first Gulf War of 1991 for extensive oil contamination that covers an astounding 800 miles of beaches at a depth of six feet stemming from tactical military decisions of Saddam Hussein which created one of the greatest ecological disasters in history."

In case the irony is lost on anyone, we could be talking about two of the worst environmental disasters in history here getting cleaned with involvement by Canadian technology spawned in the tar sands that are so reviled by environmentalists.

The press release goes on to address aspects of its equipment that would potentially give it a leg up over Kevin Costner's CINC Industries "Ocean Therapy Solutions" water separators or possibly other competitors.

It appears to me like BP and the U.S. government could bring in all the players to bear on the problem and there would still be a heck of a difficult and expensive clean-up to do. Let's just say that time lost during discussions will result in exponentially higher damage and clean-up expenses in the long run.

The words, Genoil, Costner or CINC do not show up on a search of the BP website. Mind you there is a good deal of material on the response to the spill, as well as invitations for people to register their "ideas" or professional services by phone.

1 comment:

Anonymous said...

The only thing that outnumbers the barrels of oil in the gulf is the number of cleanup solutions, ideas, technologies and companies that have surfaced in the last month.