Vivakor9 Mar 2023 08:14
March 2022. Vivakor news
Locking in a reliable supply of rich, raw oil sands was an important step in preparation to execute long-term sales contracts and prepare for the continual production and sale of asphalt at our Vernal, Utah facility," said Matt Nicosia, CEO of Vivakor. "Through this lease with the property owner, and in working with Greenfield as the mine operator, we have secured the necessary materials and expertise to scale production to expected levels of around 1000 barrels per day of oil or 200 tons of our performance grade asphalt product. We expect that, by the end of the year, we will have financed, built and ramped up our infrastructure to process this full amount of material available.