Canadian, Turkish Firms to Develop Oil-Water Separation Projects

Genoil Inc. of Calgary, Alberta, has entered into a memorandum of understanding with OCM Tasimacilik Lojistik Madencilik Ticaret Ve Sanayi A.S., one of the largest conglomerates in Turkey, to jointly cooperate and develop oil-water separation projects, according to an Aug. 8 press release.

The corporation's chief executive officer, David Lifschultz, met with representatives of OCM Holdings recently in Istanbul. OCM has extensive exposure in Russia, the former Soviet Republics, the Middle East, and Africa and will assist Genoil in its efforts to market the oil-water separation equipment.

The corporation has pioneered different oil-water treatment technologies that can be applied for treating and decontaminating ships' bilge water. In U.S. Coast Guard tests, Crystal Sea units have exceeded regulations.

Through this joint venture, the companies expect to generate substantial ongoing revenues from the processing of bilge water, contaminated water, and produced water in various applications.

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