MCW Energy Group Limited (TSX-V: MCW) (OTCQX: MCWEF) is a Canadian-registered, publicly-traded company which is focused on the development and implementation of: (i) Proprietary, environmentally-friendly oil sands extraction technologies and remedial project solutions, (ii) Worldwide joint ventures and licensing of oil sands opportunities with governmental and private industry entities within countries possessing extensive oil sands/shale deposits. SNNLive spoke with Dr. Gerald Bailey, CEO of MCW Energy Group Ltd. at the LD Micro “Main Event” 2014 in Bel Air, CA.
Dr. Bailey begins with an overview of the company, “MCW is an existing company out of California. We have an office in Los Angeles, we also have an office up in Vancouver and we’re a two-pronged company. We basically handle a distribution, gasoline distribution service in the Southern California area, which in its own right has been a quite a very successful company, but the good news now is that we have also developed another division of our company to extract oil from sands and primarily in the state of Utah, so this is the hot item right now.”
He explains how MCW differs from other oil sands extraction companies, “The oil sands have gotten a bad rep because a lot of the environmental issues that have taken place particularly up in Canada, but our team has developed the technology that is environmentally-friendly. We use no water, we have no pollutants, we have a closed-loop system that is basically, it’s the first of its kind.” He continues with how the process works, “We are taking the raw sand off of the earth surface and now we have a plant we have built in Vernal, Utah and we treat with our solvent. The solvent extracts the sand – I mean the oil, out of the sand, and we’re producing 250 barrels a day. As we speak, we are in operation as I say since the first of October 2014.” For more information, check out their website: www.MCWEnergyGroup.com
Since speaking with MCW Energy Group, the company has made the following announcements:
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