Tyler Fugitt's Contact Details

Tyler Fugitt's Company Details

Locus Bio-Energy Solutions

Solon, OH, US • 20 - 49 Employees
Energy

Harnessing Nature to Solve the Oil Industry's Biggest Challenges: Locus Bio-Energy Solutions® (Locus BE) offers high-performance and low-CAPEX green biosurfactant solutions to the oil & gas industry's most persistent financial and ESG challenges. The IP-protected startup perfected game-changing technology making it one of the only companies that can produce biosurfactants at the quantities and price points required for use in the oil industry. The green solutions are fully biodegradable and from 100% renewable resources. They replace and outperform synthetic chemical surfactants in boosting oil production at 50x lower dosage rates and a fraction cost—improving safety, sustainability and profitability. Locus BE's environmentally friendly biosurfactant treatments have been globally recognized for their ability to help operators do more with less and address pain points in well maintenance, flow assurance, enhanced oil recovery, completions and more. Operators see 2x increases in initial production, sustained ongoing production increases of 45% or more, no paraffin-related well failures, longer well life resulting in less need for new drilling and lower operating costs. The biosurfactants provide a 2-3x return on investment with treatment payback in less than four months. are the only green biosurfactant treatments approved as a tertiary EOR technology, qualifying users for a 10-year, 50% severance tax credit that saves millions of dollars annually.The biosurfactant treatments have unmatched success in increasing operator revenue streams and are shifting the industry's perception of green technology...proving that ESG goals can be reached without sacrificing performance. These economically viable EOR technologies unlock residual oil in place and can result in a tremendous increase in domestic US oil production, leading to sustainable growth and global market stability.