Black Bay Energy Capital invests in oilfield water treatment firm

By Clean Chemistry | July 10, 2018

Clean Chemistry Inc., a provider of patented chemical solutions and technology for oilfield water treatment, has announced a growth capital investment from Black Bay Energy Capital.

Clean Chemistry’s chemical technologies target produced water recycling and disinfection for hydraulic fracturing. The company’s flagship product, PeroxyMAX, enables rapid bacteria control and solids separation in a more efficient and safer manner than alternative options like chlorine dioxide. PeroxyMAX has a loyal existing customer base and demand is quickly accelerating.

Black Bay’s investment enables Clean Chemistry to expand its client base, management team, and service offerings. The Company is experiencing rapid growth in the Permian Basin and is expanding its footprint in West Texas and New Mexico.

Damon Waters, co-founder and CEO of Clean Chemistry, said, “Our growing client base had been seeking a low cost, highly effective biocide that doesn’t degrade frac iron nor pose a safety hazard. PeroxyMAX is that solution and we couple it with comprehensive performance data on real-time dashboards. The Clean Chemistry team has built a process solution that meets treatment targets while lowering costs and improving safety for the E&P community.”

Wayne Buschmann, co-founder and CTO of Clean Chemistry, added “This new partnership with Black Bay positions Clean Chemistry to pursue strategic growth opportunities in response to demands from our blue-chip customer base.”

“We are very excited to partner with Damon, Wayne and the entire Clean Chemistry team,” said Tom Ambrose, Partner of Black Bay. “Clean Chemistry is delivering unique, low-cost solutions for oilfield water management, one of the industry’s largest pain-points. The Company’s offerings enhance the safety and operational efficiency of completion and produced water re-use operations.”