ConocoPhillips invests in VC-backed water treatment innovator Saltworks
Water treatment solutions provider Saltworks Technologies Inc has received an undisclosed funding round from U.S. energy business ConocoPhillips Co (NYSE: COP). ConocoPhillips joins the company's existing corporate investors Cenovus Energy Inc (TSX, NYSE: CVE) and Teck Resources Ltd (TSX: TCK.A, TCK.B, NYSE: TCK). The venture capital program of Cenovus invested in Saltworks in 2011. Founded in 2008, the Vancouver-based Saltworks designs, manufactures and assembles systems for desalination, brine management and chemical recovery applications.
27 May 2014•2 mins read
