Scalada’s unique and patented technology for wastewater remediation will play a significant role in new oil boom and economic upswing in Southern Texas.
Singapore – January 18, 2013 — Titan Holdings Inc., through its engineering partner Cherokee Holdings LLC, both wholly-owned subsidiaries of Scalada Holdings, Ltd., announced today that it has opened negotiations with land holders in Victoria, Texas, USA to establish a mobile plant to treat the waste water produced by hydraulic fracking in the Eagle Ford shale oil and gas field. The Eagle Ford is one of 20 new onshore fields which together could increase U.S. oil output by 25% in the next decade and dramatically reduce dependence on imported fuel and risky off-shore drilling.
Titan’s involvement in the development of Eagle Ford is significant because it brings to the table Scalada’s unique and patented Elemental Ionization System for remediation of the considerable amount of waste water produced in the fracking process. The system is considered the worldwide leader in the field because it cleans up wastewaters in ways that are economical, environmentally friendly and profitable. The system also has the distinct advantages over other frac water remediation systems of onsite placement and almost complete mobility.
The Eagle Ford Shale (EFS) is quite possibly the largest single economic development in the history of the State of Texas and ranks as the single largest oil and gas development in the world. More than a dozen companies plan to drill 3,000 wells over the next year in South Texas. With its first well drilled a mere three years ago, the Eagle Ford is already producing 100,000 barrels a day, with estimates of 420,000 barrels per day by as soon as 2015. Almost $30 billion will be spent to develop the play in 2013. The play had more than a $25 billion impact on the local South Texas economy in 2011.
According to Scalada ( http://www.scaladaholdings.net ) CEO Manly Logan, “Eagle Ford had more than a $25 billion impact on the South Texas economy last year, and we are confident that, once in place, our cutting edge and green technology will be one of the major drivers of the U.S. economy in the coming decade along with the added benefit of making the U.S. far less dependent on foreign oil.”
To learn more about Titan Holdings, Inc., Cherokee Holdings, LLC, Scalada Holdings Ltd., and their business of bringing green solutions to the global marketplace that produce sustainable outcomes, visit http://www.scaladaholdings.net.
For more information:
Contact Jeremy Merritt, Vice President
Scalada Holdings Ltd
77 Robinson Road
Singapore 068896
Contact Phone: +65 6809 2235
Contact Email: info@scaladaholdings.net
Website: http://www.scaladaholdings.net
Press & Media Contact:
Jeremy Merritt, Vice President
Scalada Holdings Limited
77 Robinsons Rd
Singapore 068896
+65 6809 2235
info@scaladaholdings.net
http://www.scaladaholdings.net
