first_imgBP Ventures has completed an investment in Saltworks Technologies, a specialist water treatment company based in Vancouver, Canada, as part of its ongoing commitment to developing and supporting leading-edge technologies. Saltworks is an advanced water treatment solutions provider. It has developed cost effective and robust desalination systems for the world’s most demanding applications which require freshwater from highly impaired saline water sources. Saltworks’ product line offers a number of technology solutions that help address and manage global water scarcity issues, either by using saline water sources instead of freshwater sources, or by recycling waste water, including produced waters. Specifically, Saltworks develops new desalination processes that lower the cost and energy of making freshwater from saline water sources. Saltworks focuses on challenging water sources found in industrial settings such as mining.BP’s investment in Saltworks follows investments made by other leading resource companies, including Cenovus Energy, ConocoPhillips, and Teck Resources. The investment also comes after successful bench and pilot scale tests between BP and Saltworks.Saltworks’ CEO, Benjamin Sparrow, notes “BP’s investment will immediately go to work as we construct our new manufacturing facility and further grow our field operations team. After successful product uptake in Australia, California, Texas, and Pennsylvania, we are extremely pleased to welcome BP to our shareholder base. BP’s investment will increase our scale and our reach.”BP Ventures invests in technology companies working at the frontiers of their fields – across the entire energy spectrum. Investments span the BP Group, focusing on emerging, strategic technologies for oil and gas exploration and production, and downstream technologies including fuels and chemicals, biotech and bioenergy. Today, BP Ventures manages over 30 investments with committed capital of over $200 million.last_img

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