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() is focussed on the multi-billion dollar global market for proppants - which are the single largest cost item in the fracking process.
Proppants are a sand-like commodity used to ‘prop’ open fractures in shale rocks which allows oil and gas to flow.
The company is seeking to commercialise its proppant as a cost effective superior alternative to bauxite and clay based proppants typically used in fracking operations currently.
LWP has now progressed the commissioning at its pilot-scale proppant manufacturing plant in Queensland.
Next for the company is the final scale-up stage then having its proppants certified by independent experts.
Want to know more
Siegfried Konig chairman will present at Proactive's Sydney Melbourne Investor Luncheons in September.
REGISTER TODAY by clicking on the links below:
Proactive's Sydney Investor Luncheon Tuesday 1st September.
Proactive's Melbourne Investor Luncheon Wednesday 2nd September.
The company plans to invite potential technology licensees and investors to observe proppant manufacture at its Brisbane factory.
It is also continuing discussions with potential licensees and JV partners from U.S. Canada Europe India and China.
LWP’s proppants are manufactured from fly-ash a by-product of coal-fire plants. It benefits from the widespread availability of fly-ash its light weight and ability to withstand very high pressures in deep wells to keep fractures open and flowing.
Potential revenue streams include: Upfront license fee; Ongoing royalty; and Revenues/Profits from Joint Venture.
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