Reuters exclusively reports ConocoPhillips-backed Solaris readies IPO with sustainability pitch - Reuters News Agency
Business & Finance

Reuters exclusively reports ConocoPhillips-backed Solaris readies IPO with sustainability pitch

Reuters exclusively reported that ConocoPhillips -backed Solaris Midstream Holdings LLC, the water pipeline company serving the U.S. oil and gas fracking industry, is preparing for an initial public offering (IPO) that it hopes will attract sustainability-focused investors. Fracking, which uses water combined with chemicals and sand to split open rocks and release oil and gas, has drawn criticism from environmental groups who say the process consumes and contaminates fresh water sources. However, Solaris says it can make fracking environmentally friendly by treating and recycling used water. 

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Americas
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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