Blue Water Petroleum Corp (OTCMKTS:BWPC) Stock On Radar After Recent Developments

The protection of the environment is now at the top of the agenda for many governments and it is no surprise that there are now many companies that are now working in that direction. One such company is the worldwide environmental technology supplier and patent aggregating company Blue Water Petroleum Corp (OTCMKTS:BWPC).

Market Stats

On Tuesday, BWPC stock moved up 1.64% to $2.48 with more than 1.8K shares, compared to its average volume of 5K shares. The stock moved within a range of $2.4800 – 2.9500 after opening trading at $2.48.

The company’s operations are spread across Canada, the United States, and the European Union. The company boasts of three divisions and all are focused on the oil and gas sectors, which are worth billions. Blue Water is involved in providing these sectors with assistance for their recycling needs. On the other hand, the company is also involved in providing contaminated water treatment to the oil and gas industry in the province of Alberta in Canada.

Not too long ago on August 30, 2022, the company was in the news after it announced that it was all set to another environmental patent to its intellectual property portfolio. The company’s tech subsidiary unit Atakam Group Inc had come up with a design for a recycling pyrolysis machine for which it would file a patent in the United States. The machine is meant for the oil industry. It was further noted that the technology is going to be put into modular units and then transported to oil fields all over the world.

The modular units equipped with the technology are going to help with the recycling and cleanup of contaminated organics and soils. The company claims that the modular units in question are cost-effective and also meet the strident standards of the federal and state agencies in the United States.

The units are going to be manufactured in the United States and then transported to the rest of the world. If the patent is in fact awarded then it will be in addition to the seven that Blue Water already holds.