Aris Water Solutions, Inc. Selected for Research Grant by the Department of Energy
14 Dezember 2023 - 10:15PM
Business Wire
Aris Water Solutions, Inc. (NYSE: ARIS) (“Aris,” “Aris Water,”
or the “Company”) announced today that the Company was selected by
the Department of Energy (“DOE”) to receive a research grant
related to the treatment and desalination of produced water as an
irrigation source for non-consumptive agriculture. Building on
Aris’s ongoing efforts to further beneficial reuse of treated
produced water outside of the oil and gas industry, the grant is
recognition of Aris’s continued progress in enhancing water
sustainability in the Permian Basin.
“We are extremely proud to be recognized by the Department of
Energy and are grateful for their continued support of our
beneficial reuse development efforts,” said Amanda Brock, President
and CEO of Aris Water. “In addition to the continued success and
growth of our core water infrastructure, handling and recycling
business in the Permian Basin, we continue to lead collaborative
industry efforts to identify and pilot differentiated technologies
to treat produced water for various applications including
agriculture, mineral extraction, industrial processes and aquifer
replenishment. This grant, alongside the continued support of our
industry partners and regulators, will help further enhance our
treatment capabilities.”
The grant allows Aris to further expand its successful
greenhouse study with Texas A&M AgriLife, which uses treated
and desalinated produced water to grow cotton and grasses. In
addition to the grant from the DOE, a wide range of partners from
academia, agriculture, and the oil and gas industry will contribute
to this ongoing study led by Aris. The study is designed to
demonstrate and optimize field-scale produced water treatment and
desalination which is customized for agricultural irrigation
applications.
In addition, the study will also be expanded to evaluate the
extraction of valuable minerals and constituents contained in the
produced water, such as ammonia, with the objective of
investigating direct-use products for the agriculture industry.
Importantly, the study will also support further evaluation of
carbon sequestration benefits that are related to specific
agricultural applications using treated produced water.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical fact,
included in this press release that address activities, events or
developments that the Company expects, believes or anticipates will
or may occur in the future are forward-looking statements. These
statements are based on certain assumptions and analyses made by
the Company based on management’s experience, expectations and
perception of historical trends, current conditions, current plans,
anticipated future developments, expected financings, technology
developments, regulatory frameworks and other factors believed to
be appropriate. Forward-looking statements are not guarantees of
performance. Although the Company believes the expectations
reflected in its forward-looking statements are reasonable and are
based on reasonable assumptions, no assurance can be given that
these assumptions are accurate or that any of these expectations
will be achieved (in full or at all) or will prove to have been
correct. Moreover, such statements are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the
control of the Company, which may cause actual results to differ
materially from those implied or expressed by the forward-looking
statements. These include the risk factors and other information
discussed or referenced in the Report under the heading “Cautionary
Statements” as well as in the Company’s most recent Annual Report
on Form 10-K and other filings with the Securities and Exchange
Commission. Any forward-looking statement speaks only as of the
date on which such statement is made, and the Company undertakes no
obligation to correct or update any forward-looking statement,
whether as a result of new information, future events or otherwise,
except as required by applicable law. Information on the Company’s
website is not part of this press release.
About Aris Water Solutions, Inc.
Aris Water Solutions, Inc. (NYSE: ARIS) is a leading,
growth-oriented environmental infrastructure and solutions company
that directly helps its customers reduce their water and carbon
footprints. Aris Water delivers full-cycle water handling and
recycling solutions that increase the sustainability of energy
company operations. Its integrated pipelines and related
infrastructure create long-term value by delivering high-capacity,
comprehensive produced water management, recycling and supply
solutions to operators in the core areas of the Permian Basin.
Additional information is available on our website,
www.ariswater.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231214118151/en/
David Tuerff Senior Vice President, Finance and Investor
Relations (281) 501-3070 IR@ariswater.com
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