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Blue Water Petroleum Corp (OTC PINK: BWPC) has signed a definitive acquisition agreement to purchase ArtAqua Technologies Ltd for $2,500,000 in common stock. This acquisition will expand BWPC's capabilities in the wastewater treatment sector.
ArtAqua has patented technology that purifies water using 60% less energy than conventional methods and recovers valuable metals. Its products range from household units at $3,995 to large-scale units priced at $999,995. The acquisition is expected to enhance BWPC's presence in the multibillion-dollar environmental sector.
Blue Water Petroleum Corp (OTC PINK: BWPC) has announced the formation of an independent advisory board aimed at enhancing corporate oversight and accountability. This board features seasoned professionals from the global banking, finance, and oil and gas sectors. Notable additions include Benamar Mokhtari, formerly with Société Générale and other European banks, and Dr. Mohamed Kharrubi, a director at the Abu Dhabi Investment Group. The company aims to leverage their expertise to attract strategic acquisitions and partnerships, boosting growth potential in its environmental technology initiatives.
Blue Water Petroleum Corp (OTC PINK: BWPC) has announced that its subsidiary, Atakam Group, has developed a new design for a recycling pyrolysis machine, aimed at cleaning up contaminated soils and organics. A new US patent will be filed to protect this technology, which meets environmental standards and will be manufactured in the US for global distribution. This addition will expand BWPC's current portfolio of seven patents in the environmental cleanup sector, focusing on the oil and gas industry.
Blue Water Petroleum Corp (OTC PINK: BWPC) announced the acquisition of 160 contiguous acres in Little Smoky, Alberta, aimed at establishing a full-service facility for oilfield wastewater processing. Using licensed technology, the facility will convert wastewater into environmentally safe water for agriculture, adhering to Alberta Energy Regulator standards. The partnership with Hawkridge Water Solutions Inc. includes an exclusive license for a wastewater system. Initially, BWPC will earn $8.00 CAD per cubic meter processed during the pilot phase, with plans for scalability and a Provisional Patent post-trial.
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