…EcoTecnos Ltd. and its related company Geosensing (collectively, “EcoTecnos”) granting CORRE the right to market and sell technologies owned by EcoTecnos to third party customers in the Middle East, North Africa, the United States of America and Canada. EcoTecnos is a privately owned Chilean company with fully commercialized satellite detection and patented bioremediation technologies which have the ability to address various environmental problems. Ecotecnos has been providing services utilizing these technologies for over 12 years exclusively in South America to a range of clients including ENAP (the Chilean national oil company) and the Latin American operations of Shell, ESSO and BHP Billiton
Satellite Detection: The satellite detection service is used to generate 2D images of underground water, oil spill areas, oil lakes or sludge pits, as well as properly estimate the volume, dimensions and underground penetration of the hydrocarbon contamination up to a depth of 150 meters. This satellite detection service enables oil companies, federal agencies and oil remediation service providers, among others, to have an accurate visual definition, assessment and measurement of each individual oil lake, sludge pit or specific oil leak in order to allow an in-depth analysis of clean-up project costs and to better understand the scope of the environmental damage. EcoTecnos has completed over 1,000 projects using satellite detection to geo-reference hydrocarbons pits, oil spills and to identify underground water resources.
Bioremediation: The bioremediation technology provides an economical and safe method for the cleanup of oil spills and contaminated soils by decomposing contaminants utilizing beneficial microbes, surfactants and micronutrients. EcoTecnos is a pioneer in bioremediation and have patented a specific strain of bacteria that is capable of remediating oil-contaminated soil in harsh environmental conditions. This product is fully commercialized and has been used successfully in South America in various remediation projects.
