Ecosphere is demanding $300 million in a US arbitration proceeding, claiming the No. 2 oil service specialist used its “green” business model, technology and techniques to rebrand itself as an “environmentally friendly” company and form the Blu Energy Solutions unit.
The Florida-based Ecosphere specialises in filtering and cleaning water used in hydraulically fracturing a well, a crucial environmental concern as millions of gallons are used in every probe.
“Ecosphere
