SOP
Focusing here on new Technology (CDP) which from my understanding could rocket them into a Global Heavyweight.
Shale gas production in China is forecast to triple from 30bn m3 in 2020 to 90bn m3 in 2030.
This is creating a huge glut of toxic sludge as mud is constantly pumped to the drilling bit to provide lubrication.
Significant forecast growth in shale gas and oil demand and production is expected to drive strong demand for innovative sludge treatment solutions
GreenTech's patent-pending lead product & Pilot Plant (Which SOP is funding and has the rights to) Composite Dry Powder (CDP), provides a quick, effective and affordable way to process water-based oil & gas sludge into non- polluting, high-strength building materials
Greentech has successfully completed its commercial-scale pilot program with one of two major Chinese State-Owned Enterprises (SOEs) in oil and gas production to turn the sludge into a non toxic building material.
The success of testing to date has reaffirmed the modelled outcomes of CDP applications
Following the completion of long-term commercial contract negotiations which are currently in early stages,
Greentech expects both of these customers to enter into exclusive Strategic Alliance Agreements for the provision of Greentech’s patented CDP technology, including supply of chemicals and processing of drilling mud using Greentech’s proprietary process machinery.
Greentech has also received preliminary enquiries and met with China’s other major oil and gas SOE to discuss the successful application of the CDP technology.
SOP has rights to GreenTech
SOP are an engineering firm that execute complicated Projects and Manufacture Innovative Ideas In sectors such as
Oil/Gas
Pharma
Water
Defence
Examples of engineering in these sectors include
LNG - SOP product - LNG CTS (Custody Transfer System) Tech which accurately calculates LNG & is said to be “BEST IN CLASS” globally by market leaders who are adopting it.
This allows the Company to take the solution from land to sea and install marine-based CTS on new and existing LNG vessels
WOODSIDE,SANTOS,IMPEX,CHEVRON are all SOP Customers
PHARMA - SOP recently manufactured a new start of the art Vaccine Centre in Victoria.
CSIRO ,CSL,ANSTO are all SOP Partners
From what I’ve read it’s obvious a Chinese contract is coming & it will be with a state owned “CHINESE” enterprise for the CDP Tech and associated materials.
When this contract is executed is anyone’s Guess but I’m thinking it’ll be soon.The scale of contract or contracts is also open for discussion but I’m assuming this tech can be applied for other applications of Toxic waste so the possibilities and addressable market could be enormous.
Happy investing
