Aegis – Oilfield"s Environmental Protection Company Raising 60 million from GGV Capital

      ChinaVenture Beijing June 22 news, Aegis Petroleum Technology (Shanghai) CO., LTD., an oilfield"s environmental protection service company, recently announced that it obtained 60 million yuan investment from GGV Capital. This is the second time that Aegis obtains venture capital after totaling 10 million dollars from Peak Surplus Venture Investment Fund, Matrix Partners and DFJ within one year since 2011.

      The CVSource database of ChinaVenture shows that Aegis had already harvested two financing. Back in May 2010, Matrix Partners had already injected 2.5 million dollars to Aegis, accounting for about 20% of share. On August 19, 2011, Aegis obtains venture capital of totaling 10 million dollars from Peak Surplus Venture Investment Fund, Matrix Partners and DFJ again.

      Aegis said that most of the financing would be used to R & D. The Company has planned to go public in growth enterprise market IPO in 2014. He Wenyi, CEO of Aegis, said that: "Through years of development, Aegis establishes good cooperation relationship with many oilfields. By virtue of this financing, we will further expand our cooperation with major domestic oilfields." 

      It is said that oil sewage treatment is a branch of sewage treatment. The effect of sewage treatment has been an important factor to crude oil"s quality. The industry sources said that if coupled with investment in equipment and operating costs, the market capacity of the oilfield industrial wastewater treatment would be greater than 50 billion yuan. There are various waste-water in the oil exploitation process and difficult to deal with, and has become the main source of environmental pollution. All oilfields in China have been increasing the processing and R & D investment efforts in recent years.

      Yu Lifeng, a partner of GGV Capital, said that: "Energy saving industry is the most concerned field of GGV Capital in the future. GGV Capital invests to Aegis mainly for the following two reasons: First is the industry"s growth potential, second is the do-mestically leading position of the company"s core technologies. "

      Aegis Petroleum Technology (Shanghai) CO., LTD. is headquartered in Shanghai Zhangjiang Hi-tech Park. It is a company specializes in oilfield"s environmental protection technologies. Its services cover all kinds of sewage treatment, especially in oilfield drilling fluid, oilfield fracturing flowback fluid and ternary compounding oil displacement. The Company has its specific techniques and complete equipment of treating various sewage. It owns independent intellectual property rights and provides one-stop serviceranging from project design, installation and commissioning of engineering and equipment and total solution of sewage treatment as well as other technical services.