Z Trim enters into joint venture with Drilling Fluids
MUNDELEIN ó Biotechnology company Z Trim Holdings has entered into a joint development agreement with Newpark Drilling Fluids to develop new, environmentally-friendly drilling fluids that incorporate Z Trim's proprietary industrial materials that could replace the likes of guar and xanthan gums in drilling applications.
"Newpark is among the world's largest drilling fluids companies, providing products and services to thousands of wells on four continents, so we're excited to have such a prestigious partner in the development of new oil drilling mud applications using our specialized industrial ingredients," said Z Trim Holdings CEO Steve Cohen. "Months of testing has proved that our domestically-sourced ingredients possess unique properties differentiating them from ingredients commonly used in the drilling fluids industry, and further, that our ingredients can deliver superior and expanded functionality. Based on these findings, we are optimistic that our products could have a meaningful impact on the energy industry."
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