Recon to provide wastewater treatment equipment, solution for PetroChina refinery
Beijing— Beijing BHD Petroleum Technology Co. Ltd. (BHD)—an affiliate of independent oilfield services provider Recon Technology Ltd.—has signed and completed an agreement with Beijing OriginWater Purification Engineering Technology Co. Ltd (BOW Engineering)—a subsidiary of Beijing OriginWater Technology Co. Ltd. (BOW)—to install and provide maintenance and chemical testing services for an all-in-one wastewater treatment equipment package to the Golmud Petroleum refinery—an affiliate of Qinghai Oilfield, a PetroChina Co. Ltd. (PetroChina) subsidiary.
Recon will provide a complete set of wastewater treatment equipment and service to an upgrade renovation project for Golmud Petroleum Refinery, which is expected to be completed by the end of May 2017 and is valued at RMB 6.37 MM (approximately $0.94 MM).
China's new Environment Protection Law and the Emission Standard of Pollutants for the Petroleum Refining Industry require all China petroleum industry companies to meet higher standards for industry wastewater by July 1, 2017. As China has increasingly enforced compliance with these requirements, oil and chemical companies have been upgrading their old equipment and treatment technology with renovations, such as those being undertaken at the Golmud Petroleum refinery.
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