natural pressure has decreased to a point where the oil no longer flows to
the surface by itself.
Glori's technology works with wells that use water to maintain the pressure and force the oil to the surface.
take a sample of the particular bacteria present in a well,
hen develop proprietary nutrients at its lab that it believes will encourage more bacteria to grow in the water there. It then injects those nutrients down a well, in addition to taking measures to clean the water and develop a circulation pattern that enables the bacteria to grow.
Page said the bacteria also change the size of the droplets and brings more oil to the surface.
"There's billions of barrels of oil available without drilling a single well," he said.
hey quickly advanced the technology through the purchase of an Argentinean biotech outfit and oilfield expertise gained through a partnership with Norway's Statoil.
"innovators" panel a
IHS Cambridge Energy Research Associates' annual energy conference in Houston, the largest oil conference in the United States.
Due to the high costs associated with developing an oil well, big oil firms are not known to be fast movers when it comes to adopting new technology, said Neal Dingmann, managing director of equity research at SunTrust Robinson Humphrey in Houston.
To succeed, he said a company like Glori needs to get one big-name oil company to adopt the technology, then the others will see that it really works.
Page said the company, which is still privately owned, is working on doing just that.
But he said a deal with big oil firm could be on the horizon.
EcoScraps became profitable by the end of its first year, he says, and he expects it to take in $1.5 million in revenue for 2011. Blake plans to expand the model into Colorado and Washington in the coming months. He hopes to reach the East Coast in 2012.
Participating stores get free removal of produce they would otherwise have
merica produces 30 million tons of food waste a yea
could collect food scraps f
Compost based on salty fried foods from breakfast chains and local Chinese restaurants immediately killed their plants, so they began focusing on compost made up of fruits a
d vegetables.
EcoScraps' biggest challenge is picking up food before it has the chance to sit out and rot, especially in Arizona's heat. The company has hired four truck drivers and also relies on local recyclers for pickups.
The daughter of a textile executive and holder of a Harvard MBA herself, Newnam started searching for a fabric to suit her visio
Newnam's research revealed that 30% of women discuss leaking, spotting and odor control with their doctors, but found the subject embarrassing to refer to in public.
ding stores and doubling its revenue ever
orraine Chambers -- recently of Spanx and Sassybax -- signed on as vice-president of business development. The company is on track to hit $1 million in sales this year.
month.
an evolution which started with the sports bra," she said. Lewis, who has
The body is the last piece of information to go digital
of apparel e-commerce."
Silicon Valley, the heart of the tech world.
Customers enter the "pod," w
making an outline with Kinect sensors.
e Bloomingdale's in
Century City, Calif., ran a pilot test in March for its Denim Days promotion.
Bodymetrics' Goonatilake says the technology isn't just for in-store purchases either. Later this year, the company says it will make it possible for shoppers to scan their bodies from the comfort of their own homes, as the software will be available for Kinect users.
solve the well known problem of finding the right fit online.
Soon, Bodymetrics will let you "try on" the clothes before you buy them online.