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Aegis Obtain Ten Million dollars of Venture Capital Sina

      Aegis Petroleum Technology (Shanghai) CO., LTD. (hereinafter referred to as "Aegis"), an enterprise engaging in oilfield industrial wastewater treatment, obtained a total of 10 million dollars of investment from Peak Surplus Venture Investment Fund, Matrix Partners and DFJ.He Wenyi, chairman of the board of Aegis, told the First Financial Daily that this financing would be mainly input to industria-lization application of core technologies and R & D team. 

      Mr. He said, "Aegis is the first in China that applies directional microwave technology to industrial wastewater treatment, and the flocculant developed by our Company can reach rapid flocculation effect in 30 sec in a small space." He also indicated that the financing of 10 million dollars would be mainly used to market promotion and technical services of these two services.

      According to the reporter, there are various wastewater in the oil exploitation process and difficult to deal with, and has become the main source of environmental pollution. All oilfields in China have been increasing the processing and R & D investment efforts in recent years.

      "Suppose the annual output of oil is 180 million tons, there is about 2 billion tons of wastewater produced, and if the sewage treatment cost per ton is 5 yuan, then the total costs would be 10 billion yuan a year." said Mr. He. He also noted that if coupled with investment in equipment and operating costs, the market capacity of the oilfield industrial wastewater treatment would be greater than 50 billion yuan.

      However, the industry sources said that there were two problems requiring to be solved if the oilfield industrial sewage treat-ment technology wants to realize ndustrialization: One is the generality of oilfield industrial sewage treatment equipment, because the sewage is different of different fields and thus has different requirements on pharmacy ratio; second, the existing technology in dealing with large displacement of mobile skid mounted sewage is still not mature enough.

      Mr. He expressed that after obtaining the investment from three "venture capital enterprises", Aegis would go public in growth enterprise market as early as 2013.

      Reporter of First Financial Daily: Wang Xiaobang