OTS meaning in Medical ?

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What is Ocean Therapy Solutions mean?

Ocean Therapy Solutions (OTS) is a company owned by actor Kevin Costner. He acquired the company from the United States government for US$24 million in 1995. The company specializes in developing centrifugal oil-water separators. After the Exxon Valdez oil spill in 1989, Costner wanted to find a new way to separate oil from water, so he acquired the company. He found it difficult to promote its products, until BP placed an order for several of the company's devices in the aftermath of the Deepwater Horizon oil spill.

OTS's largest machine, the V20, can clean up to 210,000 US gallons (790,000 l) of oily water per day. On July 8, 2010, OTS reported it had 9 centrifuges deployed in the Gulf of Mexico, with 23 additional machines under construction and scheduled for shipment to Louisiana by the end of August 2010.

The machines developed by the company were of little commercial interest until the Deepwater Horizon oil spill, when BP took six of the machines for testing in late May 2010. On June 9, that order was expanded to 32 of the oil-water separation devices.

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Posted on 22 Dec 2024, this text provides information on Miscellaneous in Medical related to Medical. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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