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Sionix Corp announces signing letter of intent for formation of joint venture to construct and operate brine and water reclamation facility in Montana


Tuesday, 3 Jun 2014 09:00am EDT 

Sionix Corp:Signed a Letter of Intent to form a 50-50 Joint Venture with BR Investments, LLC, an affiliate of The Prime Group, Inc.Says the Letter of Intent provides for the Joint Venture to build and operate a facility to treat, reclaim and market production and flowback water from crude oil production and fracking operations in the Bakken Shale.Plant will be located in Culbertson, Montana on an existing 45 acre industrial facility that includes heated tankage, buildings, highway and rail access, piping, water wells and other infrastructure.BRI and Prime will acquire the total site and provide project financing to the JV. 

Company Quote

0.0042
1.0E-4 +2.44%
26 May 2015