Centriforce Technology Corp.'s (Pink Sheets: CNFO) new desalination technology is designed to reduce the amount of energy needed to produce fresh water and reduce the environmental impact compared to existing technologies. Current desalination processes that convert salt or brackish water into fresh water require significant energy input and expense. Centriforce's process will yield fresh water at a lower cost and be friendlier to the environment.
In the U.S., utilities spend over $4 Billion to collect, clean and deliver water. With water shortages rapidly emerging in the western U.S., the Middle East and Africa, the need to reduce the amount of energy needed to desalinate water is critical to the world's water and energy future.
Desalination projects can provide economic and social solutions to many arid and semi-arid areas where predominantly brackish or salt water is available. Reuters recently reported that, “According to U.N. data, drylands cover 40 percent of the global land area and are home to nearly a third of the world's population, 90 percent of whom live in developing countries.”
Potential desalination projects in Egypt, Tunisia, Burkina Faso, Bolivia, India and other countries are being planned that compound the benefits by using renewable energy sources such as solar and wind power.
New potential industries such as fish farming, chicken farming and even ecotourism are being considered in water-challenged areas that will provide jobs, economic stability and better living conditions.
The U.N. University recently stated in a study that, “More than 900 million people of about 6.7 billion on the planet lack access to safe drinking water and 2.5 billion live without proper sanitation," it said. "Rising populations and climate change could aggravate stress on water supplies.”
Zafar Adeel, head of the U.N. University's Canadian-based International Network on Water, Environment and Health which wrote the study, stated that, “Estimates of the extra annual investments needed in water and sanitation ranged from about $12 to $25 billion," he told Reuters. He said, "$12 billion was comparable to amounts spent on pet food in North America.”
“Water is rapidly becoming more critical to the world’s economy than oil,” noted Matthew Schulman, CEO. “It is no secret that unprecedented water shortages are driving prices higher and putting significant political pressure on world governments to ensure humanity's survival,” he added. “Population growth, climate change and industrial requirements forecast a continuous increase in demand for fresh water in the future.”
For more information, visit Centriforce Technology's website at http://www.cnfowater.com.