X CHALLENGE Winners Blow Old Oil Recovery Tech Out Of The Water
By Fast Company on October 11, 2011
$1.3 million in prize money was awarded to two teams today in New York, winners of the Wendy Schmidt Oil Cleanup X Challenge. The teams had demonstrated that it was possible to skim oil from the surface of water in much greater quantities and with a higher efficiency than is the current industry standard. The first place prize of $1 million when to Team Elastec of Illinois; the second place prize of $300,000 went to NOFI of Norway. The third place prize of $100,000 was not awarded, since only two teams met the X Challenge?s high standards--an oil recovery rate of at least 2,500 gallons per minute with an efficiency ratio of at least 70% oil to water.