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Shell execs see industry benefitting from oil-spill cleanup contest

10/17/2011
By Paula Dittrick
The oil industry will benefit greatly from emerging technologies unveiled during the Wendy Schmidt Oil Cleanup X Challenge in which $1.3 million was awarded to two winning contestants for demonstrating highly efficient methods to recover spilled crude oil from the ocean surface, Shell executives said. The X Prize Foundation, a nonprofit organization, along with philanthropist Wendy Schmidt, presented a $1 million first-place award to Elastec/American Marine Oct. 11 during a ceremony in New York. Elastec/American Marine of Carmi, Ill., and Cocoa, Fla., achieved more than three times the industry's previous best oil recovery rate tested in controlled conditions. The second-place winner, NOF...
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