Newalta Corporation
TSX : NAL

Newalta Corporation

February 03, 2014 09:00 ET

Newalta Forms Strategic Alliance with Halliburton To Offer Engineered Fluids and Waste Management Solutions in Canada

CALGARY, ALBERTA--(Marketwired - Feb. 3, 2014) - Newalta Corporation (TSX:NAL) has formed a strategic alliance with Baroid, a Halliburton (NYSE:HAL) Product Service Line, to offer an integrated solution for fluids and waste management in the Western Canadian Sedimentary Basin. The alliance will provide a Total Fluids Management™ system.

Total Fluids Management™ combines technology and resources from each company to better manage fluids and waste on drilling rigs. Aligning Baroid's customized drilling fluids with Newalta's cuttings treatment and environmental solutions will enable drilling rigs to recover more oil and water from the drilling process while substantially reducing the landfilling of waste.

"We will bring together industry-leading technologies, experience and processes to engineer solutions specific to Canadian operations, providing a seamless service package that delivers environmental advantages cost effectively," says Took Whiteley, Senior Vice President with Newalta.

Baroid and Newalta are leaders in the fluids and waste management industries. Their combined Canadian network of facilities serves all regions, with facilities located in areas of high oil and gas activity.

Newalta is North America's leading provider of innovative, engineered environmental solutions that enable customers to reduce disposal, enhance recycling and recover valuable resources from industrial residues. We serve customers onsite directly at their operations and through a network of 85 locations in Canada and the U.S. Our proven processes, portfolio of more than 250 operating permits and excellent record of safety make us the first choice provider of sustainability enhancing services to oil, natural gas, petrochemical, refining, lead, manufacturing and mining markets. With a skilled team of more than 2,000 people, two decade track record of profitable expansion and commitment to commercializing new solutions, Newalta is positioned for sustained future growth and improvement. Newalta trades on the TSX as NAL. For more information, visit the company's website at www.newalta.com.

Contact Information

  • Newalta Corporation
    Anne M. Plasterer
    Executive Director, Investor Relations
    (403) 806-7019

    Newalta Corporation
    Stephanie MacVicar
    Director, Investor Relations
    (403) 806-7391
    www.newalta.com