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Ecologix CEO Eli Gruber discusses how his company is making money by cleaning the water used during drilling.
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-- Now that's a way to get natural gas from shale thousands of feet on the ground it is very controversial.
Some worry that it affects the water supply -- a closed environment.
Joining us now is at a group -- from -- color.
Politics environmental systems.
LE.
I'm gonna give -- the chance to give a commercial -- -- company.
What you do if I'm not mistaken is you cleaner the Waltz which comes out of the ground.
Have to be fracking operation takes place that's what you do is that correct.
The vivid -- and -- take -- that business is booming.
Oil reserves has been very little very good we actually -- as an industrial waste water treatment so we -- could.
An application that we use in the food industry and apply -- -- oil in -- industry because both of them have one thing in common.
That -- Eleanor you're telling because you're telling us -- environmentalist the very concerned about fracking.
They say that if you inject this water and sand and chemicals deep deep underground.
You can pollute the water supply.
You -- telling us that you can get away from the adverse effects of fracking you -- clean the water as it comes back out again.
That's what you do you you can mitigate the adverse effects of fracking that's what you sign.
Yeah that's what I'm saying when water flows back -- basically remove a 100% of all the pollutants in the water.
And we are.
Recycled a quarter so they can use the reuse that quarter as opposed to using -- for water bucket and that's really big.
The concern of anybody should have is not about.
The pollutants in the water but the fact -- current the current practice.
News who dispose of the water as if war as it is garbage into disposal wells show and that water will never see the light of day.
OK now your last few other parents -- -- ask about cost via.
Can look at -- a rough idea how much it costs to clean the -- from one well.
-- one media can you tell me.
Well not in those terms executive but our cost is going to be.
Lower than the cost that.
The current -- the -- of -- the water and then replenishing.
The water with our will for a okay so our cost generally will be 80% lower -- -- that 1% Lloyd episode of the current cost -- and lower.
All more than the current practices OK yeah I want out of one dollar -- -- Current practices cost how much.
You -- current front houses that group current practices being that -- area are could be in the -- would have to Dole's.
-- -- -- -- -- -- -- -- barrel on -- okay and barrel is about 42 gallons and in that market and they can be.
48 goals for the same thing we obviously are -- going to be competitive but we couldn't.
The -- of the water.
Clean water for lower prize who's simply picks from disposals all right look at a -- that's a very interesting proposition we appreciate you coming by today thank you so.
Thank you.
