$ESPIQ YuuGE Need in Fracking!
ESP Resources has developed a chemical formulation that addresses one of the foremost issues in the fracking process: bacteria contamination.
ESP Resources' bacteria contamination process provides customers with significant cost savings because of the company's unique process which reduces the chemical time from up to two months to a few days or hours when combating contaminants.
With an increase in demand for cost-saving products and services in the petrochemical industry, ESP Resources has experienced exponential growth in its customer base, both in domestic and in international markets. This higher volume business has resulted in increased margins and reduced prices for utilized raw materials. These two factors have also contributed significantly to lower per unit material costs.
Underlying the expansion of the industry and the company is the sector wide backlog of fracturing work which is fueling-in particular-the North American market. This market alone is anticipated to grow by $12.4 billion-per year-by 2020. As projected by Morgan Stanley, the petrochemical industry is entering its strongest period of demand in the last 20 years. Production estimates in the U.S. alone stand at 89 billion barrels, utilizing the technologies ESP Resources services.
ESP Resources has developed a chemical formulation that addresses one of the foremost issues in the fracking process: bacteria contamination.
ESP Resources' bacteria contamination process provides customers with significant cost savings because of the company's unique process which reduces the chemical time from up to two months to a few days or hours when combating contaminants.
With an increase in demand for cost-saving products and services in the petrochemical industry, ESP Resources has experienced exponential growth in its customer base, both in domestic and in international markets. This higher volume business has resulted in increased margins and reduced prices for utilized raw materials. These two factors have also contributed significantly to lower per unit material costs.
Underlying the expansion of the industry and the company is the sector wide backlog of fracturing work which is fueling-in particular-the North American market. This market alone is anticipated to grow by $12.4 billion-per year-by 2020. As projected by Morgan Stanley, the petrochemical industry is entering its strongest period of demand in the last 20 years. Production estimates in the U.S. alone stand at 89 billion barrels, utilizing the technologies ESP Resources services.
