Wastewater treatment technology company SciDev has revealed the December quarter was a record for the company with sales of $8.9 million booked and total cash receipts of $10.2 million.
The company’s chemistry and technology for solids/liquid separation experienced strong demand in the oil and gas sector which saw sales of $4 million, as well as making progress in its new area of business in mining and minerals processing.
The oil and gas sector increase of 25 per cent on the preceding quarter was driven by rebounding activity levels in the US shale oil sector.
The company’s Highland Fluid Technology chemistry and professional services were commissioned in the quarter to reuse oil field water, while purchases continued by a major exploration and production company.
A major European oil company has also seconded HFT staff to assist product development of new oilfield performance chemistry.
Mining and mineral processing was up 40 per cent with continuing contracts with Iluka, Yancoal, Glencore and Peabody, while BHP Olympic Dam field validation continued.
In the construction field SciDev’s MaxiDry chemistry is in use with tunnel boring machines being used for the Melbourne Metro Tunnel.
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