Etienne Schneider in front of the economy ministry
Photo: Olivier Minaire (archives)
Green tech: A Luxembourg start-up has landed a deal with a major petroleum player before marking its first anniversary.
An eight month green techstart-up has scored a coup this week with the shipment of its first device to a large energy customer. Findel-based Apateq sold its first oil-water separator to a major European petroleum firm, the start-up announced on Monday during a visit by deputy prime minister and economy minister Etienne Schneider.
Apateq said on its website that for each barrel of oil, which is roughly 159 litres, three to five barrels of water are also extracted, which is called “deposit water” in the industry. Such contaminated “water is by far the largest waste stream associated with oil and gas production”.
The company’s “OilPaq” product is mounted in a mobile container and can automatically treat the water at well sites, remotely controlled via a desktop or mobile application.
“The effluent from our systems is suitable for direct discharge, irrigation or re-use as process water,” Ulrich Baeuerle, the company’s chief technology officer, said in a press statement on Monday.
The first “unit will treat produced water from oil production and hydraulic fracturing, requiring virtually no chemicals for operation using a proprietary technology,” the statement explained.
Apateq did not announce the name of its customer because “environmental issues are a sensitive topic in this sector”, a company spokeswoman told Delano on Tuesday. She said it was “one of the market leaders in Europe”.
“As a young Luxembourgish company, being chosen by European market leaders to treat very difficult deposit water makes us particularly proud,” CEO Bogdan Serban said in Monday’s communiqué.
The privately backed firm was founded in April 2013, and had previously shipped its other products, which treats wastewater at industrial sites.
The spokeswoman said Apateq currently employs 11 staff.