Oil innovation company chosen as North American winner for biosurfactant solutions that improve financial stability and sustainability
As operators search for new oilfield chemistries, S&P Global Platts is recognizing biosurfactants as a top green technology that can improve sustainability, increase profitability of current well operations and minimize new drilling. The solutions were developed by Locus Bio-Energy Solutions® (Locus BE), which has been named a finalist in the 2020 S&P Global Energy Awards for two categories: “Rising Star Company” and “Emerging Technology of the Year”.
SUSTAIN is the newest addition to Locus BE’s portfolio of award-winning biosurfactant solutions for upstream oil applications, which have received global recognition for their ability to maximize production, cut costs and help operators do more with less.
A technology breakthrough is making it possible to cost-effectively reduce worldwide chemical surfactant reliance for the first time. Production methods developed by Locus Fermentation Solutions (Locus FS) are driving a global shift to the use of high-performing biosurfactants customized to directly replace surfactants in key global industries—with a 37% lower carbon footprint.
Locus Bio-Energy Solutions™ (Locus BE) has received ISO 9001 accreditation for the proprietary fermentation processes used to produce its award-winning biosurfactants for oilfield applications. The accreditation confirms Locus BE operates with quality management systems that ensure the oil innovation company can consistently meet customer demands, and validates the quality and consistency of its patented technology and green EOR well treatments—which outperform synthetic chemicals in recovering oil at a fraction of the dosage rate and cost.
A tax credit recently approved by the Texas Railroad Commission under Statewide Rule 50 (Texas Administrative Code Rule 3.50) that qualifies leases using Locus BE’s unique non-living biological process for tertiary EOR to receive a 50% Severance tax break annually for the next 10 years.
With extensive budget cuts, an oil surplus and lack of storage, shut-ins are inevitable—but they come with some BIG risks. Don’t risk formation damage and production loss with shut-ins. An AssurEOR biosurfactant pill can help safely prepare wells and help to ensure performance when returning online.