New AERO Technology is a green biotech company focusing on the recovery of oil more efficiently and effectively as well as waste water treatment, contaminated soil/mud remediation and related data science. The AERO (Activated Environment for Recovery of Oil) technology was the recipient of 10 prestigious innovation awards since 2013. Earlier this year, the technology was named the top technology breakthroughs by CNPC and passed technical and projects evaluating phases for a $149 million US DOE LPO for Advanced Fossil Fuels. The AERO is a low-cost, low-risk, easy to deploy bio-technology that builds on successful projects by Statoil and Glori Energy since the 1990s and has proven to be effective in enhancing the recovery of residual oil from active reservoirs that are undergoing waterflood in North Sea, USA, Canada and Brazil oilfields.
