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So I covered the gulf oil spill back in 2010 I saw.
What you know when accidents happened that drastic and dire consequences in the billions of dollars the lives -- -- ruined by that but now there's technology.
That could actually make a difference the next time something like this happens.
The CEO of Ab -- a developer and manufacturer of an innovative environmental technology is here to discuss this Glenn -- president.
-- tech industries welcome to a Fox Business live.
You guys created a -- that soaks up oil and then you can burn it that's what we're talking about.
It's essentially it's a Smart sponge -- is one of the constituents are contaminants -- go after.
But it says fascia filtration media that is very high tech Connecticut -- high volumes of water through it and remove a variety of compounds hydrocarbons is one -- the first -- -- Social let's talk about this product we have examples months that we also have pictures of this and I should point that this is an overnight success that was seventeen you're gonna make -- -- congratulations I know you just received an award from the petroleum was that the -- ministry oil and -- award for that border Tribune company of the year from the gulf states -- writes I'm gonna hold up this would be the -- it's -- polymers very cheap to produce.
This is the sponge that's correct and what I just if there's a spill some -- -- -- -- throw -- on it.
It's actually it comes and that's what we call our popcorn form and we can molded in various shapes and sizes so depending on what the deployment need is we informant -- that form.
This actually the piece which we you can see after -- or -- -- you cannot squeeze it out one of the reasons it's called Smart is that once it absorbs it can't get that you can I get back out.
I think I'm not joking when I ask you this question is is the size same kind of polymers we find -- baby's diapers.
-- and it's it's cool it's as a reverse hilarity of that that -- border this will do the complete opposites if this whole lives or boiled my water.
So the water passes through one of the big qualities that -- more we have seventeen patents domestically is that it actually is like a platform that can flow high -- awarded to -- -- we can make a wall this.
Or box of this for a block of it and -- -- wonderful story.
Did you bring that those products -- shown me this and actually it's I think it was gonna -- let's do this experimental would describe what you're doing and -- how your product.
Works OK so long and do this is a hydrocarbon demonstration and it takes and -- motor oil diesel fuel and just mix it into some.
Hopefully clean New York City water.
It's -- New York City water it would be permissible in Concord Massachusetts.
Eventually about the oil on the water this should look like -- -- honest and I can tell us who live in this part of the world obsolete -- you've got your water and then it's gonna take the Smart sponge right if I can answer this whole let's okay so it's gonna -- -- did the sponge actually allows the liquid to go threat.
And I'll take a backseat to -- that you know.
And then all of this is simply pour this correspondent though they -- -- into the sports funds that you can see the -- wish that it has the ability to go into the stars find him.
So the water actually goes through but the oil was trapped by this funny seeing -- on -- -- acquitted by an amazing.
It's rather rapid and what's being absorbed in the -- -- being turned to a solid.
-- so as we deploy this.
And storm drains catch basins or for oil spills deal with -- -- -- -- the fracking industry.
It has the ability to treat this -- Not for necessarily for drinking water -- -- I don't assume that's -- water it's not intended to be could be put to another stage to do that everybody it will that it would.
And be suitable for Massachusetts but -- hit -- in essence though the intent is that this is recyclable reusable water.
So for example -- -- in China wouldn't isn't as concerned with the -- order.
For disposal but if they completed -- -- it was a real values that that's the same of the fracking industry the reason they like the product to one who won the award achievement award.
Is to the other -- -- of the terrible reuse the water again and I have to bring -- for.
I didn't have -- you know when you talk about -- water reclamation -- -- places like Nevada where they are constantly reusing water -- in the cleaning inundated with.
Would be amazing.
Now what you do though with the products and that's what he called the after product that sponge with the oil and what's.
I call it says saturated Smart sponge -- we can take you to waste energy it has a very high BTU value greater than 181000.
Normal trash -- burns between three and 4000 -- really good fuel value and about 320 pounds of spent material.
Can actually create a megawatt of power -- -- energy facility for an.
Our -- -- my ignorance of megawatt of power with power how many homes about a 140 average US homes for an hour all right so are -- facilities that are buying your way sponge product for use sure there are people using it to generate electricity.
I there're there are not at this point there's not enough of it and use and that if we have 151000 installations and 36.
US states -- eight countries.
But there's not enough large enough in the in the market we started which is -- -- -- In the area -- just entered into the oil and gas industry where they're gonna have hundreds of thousands of pounds being runs there's a real viable pathway for having enough of -- on site.
Hey I do want to -- your business for you going to expand into electricity generation perhaps create your own generating plants based on this products and to -- -- -- yes billion works for somebody to do that.
Well we've we tried to re edit in our business policy -- to to reinvent the wheel or uses many strategic as possible so in the deployment of the product in the public sector space for so -- -- we use Waste Management.
And the idea of using waste energy they have their set up to do that but we're fighting the fracking industry -- interest in setting up operations on site.
They can turn it into energy to actually operate if they the operation itself on its own fuel.
And so to make it any a greener version of fracking if you -- if there's such a thing.
So you're in right now -- though the post product -- -- with the oil and it is going to Waste Management as you said but potentially this will be generating power whether it's put back into the grid.
I was put back -- use of facilities that are creating energy that is absolutely a desire hydrocarbon have.
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