Produced Water Absorbents to buy ProSep’s US and Malaysian assets

Oil, water and gas separation technology company Produced Water Absorbents (PWA) will acquire assets related to the global operations of oil and gas technology firm ProSep for $9.2m.

Upon completion of the transaction in November, PWA will relocate its headquarters from Wooster, Ohio to Houston, Texas, US, as part of a domestic and international expansion drive.

The company will have a supporting 55,000ft² manufacturing and assembly facility and additional offices in Kuala Lumpur, Malaysia and Aberdeen, UK.

PWA said that the agreement will complement its existing services, allowing the company to provide a portfolio of patented solutions to treat oil, natural gas and produced water.

The company plans to hire more employees in the next 18 months to expand its employee base to around 90.

PWA CEO Neil Poxon said: "We identified strong synergies with our Osorb media technology and ProSep’s produced water services and have plans to develop this unique offering to target the challenges being experienced by oil and gas operators around the world."

Earlier in 2013, PWA launched to market its re-generable absorption media used for the management of oilfield water and gas streams.

Osorb Media enables clients to meet and surpass stringent new environmental and discharge regulations.

"The regeneration capability of the Osorb Media sets it apart from other water treatment techniques by drastically reducing the costs of media replacement and also decreasing the amount of waste to be transported and disposed," Poxon added.

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Image: The acquisition is expected to be completed in November 2013. Photo: courtesy of Produced Water Absorbents.