June 14, 2021

ECOVAP: A Win-Win for the Rare Earth Market that is Critical for Green Energy

ECOVAP: A Win-Win for the Rare Earth Market that is Critical for Green Energy

June 14, 2021

ECOVAP is proud to have provided a financial/environmental win-win to a large producer in the rare earth mining business (see Mining Case Study).  This article summarizes the growing environmental importance of rare earths as critical elements in wind and solar power, EV cars and energy storage, and in dramatically reducing the weight of all transportation vehicles.  On the other hand, rare earth mining itself is very environmentally challenging, particularly in the water of tailings ponds: "for every ton of rare earth produced, there are 2,000 tons of mine tailings”.  As a result, 95% of the industry has migrated to the relatively lax or unenforced environmental regulations in China.  However, as China increasingly addresses these environmental challenges, the concern is that rare earth costs will increase significantly such that green, renewable power becomes less competitive.

Read article:

Rare Earth Elements: A Resource Constraint of the Energy Transition

Latest News

EcoVAP Records Highest Evaporation Rate to Date, 63x Pan Rate, at BRGNDRF Test Facility
June 2022
OREM, Utah--(BUSINESS WIRE)--EcoVAP, Inc. is proud to announce the first results of a pilot-scale EcoVAP Evaporation Matrix at the Brackish Groundwater National Desalination Research Facility (“BGNDRF”) in Alamogordo, New Mexico. The project is being partly financed by the Bureau of Reclamation (“Reclamation”) based on EcoVAP winning a grant to dispose of excess brine water in the lowest cost and most environmentally-friendly way possible.
West Texas Shale Companies Could End Up Paying Up to $207-$763mn to Transport Water from Seismic Zones
January 2022
In response to a 88x increase since 2018 in >3 Richter scale earthquakes in the Permian, Texas regulators are imposing restrictions that can shut-down or sharply curtail the volumes of certain saltwater injection wells (“SWDs”). As a result, transportation costs to ever more distant and less seismicity-dangerous SWDs could lead West Texas Shale E+P costs to increase by $207mn (currently contemplated curtailments/shutdowns) and as much as $763mn (assuming curtailments and shut-downs of all of the SWDs in the earthquake-prone areas). As an enhanced evaporation company, EcoVAP carries no seismicity risk, and is generally able to evaporate with 1/40th the land footprint and lower costs than conventional evaporation. Moreover, because EcoVAP’s Evaporation Matrices are fully scalable to any wastewater disposal need, they can be located at the well-head or tank battery, thus implying no trucking. EcoVAP already operates one such facility in the Eagle Ford (See Case Study: https://www.ecovap.com/case-studies/oil-gas-operation)
EcoVAP’s Dramatic Impact on Reducing C02 Footprint
January 2022
The attached report “The Carbon Footprint of Water” estimates the water sector consumes a whopping 13% of all electricity in the US and is responsible for 5% of all US carbon emissions. Moreover, these figures are expected to rise dramatically given that new water supplies must come from even more energy-demanding sources; i.e., pumping through longer aqueducts and from deeper aquifers, and from desalination and other treatments for reuse. By contrast, EcoVAP’s biomimcry-based technology uses practically no electricity, thus implying negligible CO2 footprint, and our “Matrices” can also be located at the point where the wastewater is generated, thus avoiding the CO2 from trucking.
WASHINGTON POST
MARCH 2021
Army Corps denies permit for massive gold mine proposed near Bristol Bay in Alaska
WASHINGTON POST
MARCH 2021
Army Corps denies permit for massive gold mine proposed near Bristol Bay in Alaska
WASHINGTON POST
MARCH 2021
Army Corps denies permit for massive gold mine proposed near Bristol Bay in Alaska
WASHINGTON POST
MARCH 2021
Army Corps denies permit for massive gold mine proposed near Bristol Bay in Alaska
WASHINGTON POST
MARCH 2021
Army Corps denies permit for massive gold mine proposed near Bristol Bay in Alaska
WASHINGTON POST
MARCH 2021
Army Corps denies permit for massive gold mine proposed near Bristol Bay in Alaska