OriginOil to launch Hong Kong subsidiary for China business

December 29, 2014 |

In California, OriginOil will launch a subsidiary in Hong Kong and grant it a master license for business in China. In turn, the subsidiary is expected to license regional joint ventures for frack and waste water treatment. A research and a manufacturing center are also planned. The company is prospectively looking at developing a relationship with JiangSu NJU Environmental Technology Co., Ltd., an award-winning spinoff of Nanjing University which claims more than 30 model facilities in Nanjing Chemical Plant and 10 provinces and cities. The new subsidiary will benefit from OriginOil’s business development in China, consisting of potential waste treatment projects which process more than 60,000 m3 (15,000,000 gallons) per day in the aggregate.

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