OilStic™ Information

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The Markets

Oil Spill Clean-up:

Over $100 Billion per year is spent on inferior oil sorbents. The market for oil spill recovery products is divided between the marine market – such as navy and coast guards, fisheries, ports and marinas – and land markets, including airports, petrol stations, hydrocarbon exploration, production, storage, transport pipelines and oil refineries. On a smaller scale the retail market includes local marinas, fire departments, body shops and home use.

The global market for all oil spill products was $68 billion in 2009 and is expected to grow to $143.5 billion by

2015. To reinforce this point, Wall Street analysts have estimated that BP will spend $14 billion to $23 billion on the Gulf cleanup alone and BP has already put aside $20 billion in an escrow account to cover future damage claims.

Water Remediation:

Water pollution is a major global problem which requires ongoing evaluation and revision of water resource policy at all levels. It has been suggested that it is the leading worldwide cause of deaths and diseases, and that it accounts for the deaths of more than 14,000 people daily. An estimated 626 million Indians have no access to a proper toilet, and 1,000 Indian children die of diarrheal sickness every day. Some 90% of China's cities suffer from some degree of water pollution, and nearly 500 million people lack access to safe drinking water. In addition to the acute problems of water pollution in developing countries, developed countries continue to struggle with pollution problems as well. In the most recent national report on water quality in the United States, 45 percent of assessed stream miles, 47 percent of assessed lake acres, and 32 percent of assessed bays and estuarine square miles were classified as polluted. It is clearly evident there is a global need for OilStic™ products.

Land Remediation:

This type of contamination or pollution typically arises from failure due to corrosion of underground storage tanks or of the piping associated with them, historical disposal of coal ash, application of pesticides, percolation of contaminated surface water to subsurface strata, oil and fuel dumping, leaching of wastes from landfills or direct discharge of industrial wastes to the soil. The most common chemicals involved are petroleum hydrocarbons, solvents, lead, pesticides, and other heavy metals. The occurrence of this phenomenon is correlated with the degree of industrialization and intensities of chemical usage. Globally, Billions of dollars are spent on land remediation efforts. OilStic™ will play a critical role in addressing this global problem.

Competitive Advantage

OilStic™ products have numerous significant competitive advantages:

✓   OilStic™ is the only product that absorbs sheen.
✓   Product is reusable
✓   Oil can be extracted
✓   No leeching (product can be transported without oil leakage)
✓   Competitive pricing compared to inferior products

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