Blue Water Petroleum Corp.

Blue Water Petroleum Corp.

July 17, 2015 09:00 ET

Blue Water Petroleum Corp. to Expand Its Microwave Technology Verticals

CENTENNIAL, COLORADO--(Marketwired - July 17, 2015) - Blue Water Petroleum Corp. (OTCQB:BWPC) is developing uses of microwave technologies for other environmentally beneficial purposes to compliment its sludge remediation treatment. Microwave technology is capable of converting used cooking oil into bio-diesel and other products. The EPA estimates that the USA generates over 3 billion gallons of used cooking oil per year.

BWPC is also investigating the use of microwaves for the conversion of used scrap tires into diesel fuel known as TDF (tire-derived fuel), metal, and carbon black. It is estimated that over 300 million tires are currently scrapped every year in the USA. . There are an estimated 129 million used tires in stockpiles and used tire rubber can generate 15,000 BTU's per pound which is slightly higher than most types of coal.

BWPC was founded in 2009 and is based in Centennial, Colorado and focuses on innovative oilfield technologies that add value to crude oil, and on the acquisition, exploration and development of oil and gas properties. BWPC's microwave treatment liquefies, separates and upgrades crude oil sludges and creates a marketable product while substantially reducing hazardous environmental waste. A full description of the technology can be found on a Form 8K filed with the SEC, at on June 24, 2015.

Forward-Looking Statements

Statements in this press release that are not strictly historical in nature are forward-looking statements. These statements are only predictions based on current information and expectations and involve a number of risks and uncertainties. Forward-looking statements in this release include that we are about to manufacture our products, we can compete in the energy storage business, and our products will provide an energy storage solution to industry. The Company's products involve detailed proprietary and engineering knowledge and specific customer adoption criteria, hence factors that could cause actual results to be materially different include that we may be unsuccessful in raising any additional capital needs that may arise; we may not have sufficient capital to develop, produce and deliver orders; orders that are placed may be cancelled; product may not perform as well as expected; markets may not develop as quickly as anticipated or at all; or that the productive capacity of the company may not be large enough to handle market demand. Further, we are reliant on certain key employees who may leave the Company and we may be unable to protect or defend our intellectual property. Investors are cautioned against placing undue reliance on forward-looking statements. Refer to all public filings and risk factors included in the 8-K, 10-Q and 10-K as filed with the SEC.

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