COP28 INNOVATION START-UP COMPANY
COP28 INNOVATION START-UP COMPANY
EWM was founded in 2012. The concept for the Company’s approach to water management began when one of EWM’s founders, Paul Wallace, who began his career in the Oil & Gas industry was looking into a water solution for a processing plant. Just as Oil & Gas processing evolved from the early days when prospectors only wanted the kerosene and disposed of the rest of the crude oil, to monetizing every fraction of the crude oil (e.g., gasoline, lubricants, plastics, waxes, etc.), the same approach of monetizing everything is the concept that EWM uses for water and is a unique perspective in the water industry. When EWM looks at a water sample today, it considers the sample to be a resource that contains many options for potential products. EWM’s expertise lies in determining the most profitable combinations of minerals to be extracted from the water source based on available technologies and market conditions and using its process patents to achieve the results.
EWM spent the early years of its existence investing heavily in developing its process flow schemes, patents, and in-house expertise. To move its technological approach forward, EWM sponsored a company to use its technology in El Paso, Texas. The plant was designed to make potable quality water and four mineral products to be sold and distributed. El Paso currently has the largest inland desalination plant in the world and hence this was a good location to design the first plant. Upon the transfer of the equity in the El Paso plant in 2019, EWM began to work on a project in Saudi Arabia that would use seawater as its input. EWM worked on this project with experts in the water field for approximately two years to prove the feasibility of such approach. EWM subsequently began work with an entity involved in the produced water space in MENA. EWM is now working on potential projects in the brackish water, seawater, produced water and mining arena and is in talks with numerous entities to expand the use of its technology in areas including eFuels.
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