Keen Interest and Veritable Initiatives of Energy Departments to assist Water Security Programs influences Growth in Produced Water Treatment Market, Valuation estimated at US$187.4 bn by 2031: TMR
Earlier, for such initiatives, the Department of Energy invested nearly US$100 million for produced water projects, with another aim to transform produced water from being a waste to a resource.\nMeanwhile, R&D of produced water is important in the larger interest of development of unconventional oil and natural gas resources of a nation.
- Earlier, for such initiatives, the Department of Energy invested nearly US$100 million for produced water projects, with another aim to transform produced water from being a waste to a resource.\nMeanwhile, R&D of produced water is important in the larger interest of development of unconventional oil and natural gas resources of a nation.
- The framework of the initiative facilitates transformational technology to meet the global need for safe, secure, and affordable water.
- Consequently, such extensive interest for produced water treatment with support from regulatory authorities has led to the establishment of a solid produced water treatment market worth more than billion dollars.
- However, the feasibility of reuse of produced water is largely dependent on the quality of produced water, time duration of generation of produced water, and how it deteriorates over time.