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Vivakor signs oil reclamation MoU

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Hydrocarbon Engineering,

Vivakor Inc. has engaged Inland Recycling LLC (Inland) in a Memorandum of Understanding (MoU) for joint oil reclamation services throughout the US.

Inland owns and operates a permitted oil reclamation processing facility dedicated to the recovery and distillation of oil from various sources. Vivakor will provide advanced technological oil-separation resources to the current operation.

The Inland Recycling facility is located on a 20-acre site near Altair, Colorado County, Texas, US. The facility is strategically located within the greater Texas gulf coast industrial zone, which includes the Houston Ship Channel, Matagorda Bay and the emerging Corpus Christi complex.

Inland contracts logistics services through numerous national tank carriers, local carriers, environmental service companies, and tank rental companies throughout the US. The materials processed at this site are used oil (lubrication oil), oil/water mixtures, diesel/heavy fuel oil/residual fuel oil mixtures, tank bottoms, oil-water mixtures, and crude oil/refinery petroleum fraction products and co-product materials that are not solid wastes.

David Polston, CEO and Founder, Inland, has pioneered and patented the conversion of E&P generated waste streams into a recycled environmentally-safe cement-stabilised road base.

Vivakor Chairman and CEO, Matt Nicosia, said: "The relationship with Dave and Inland Recycling enables Vivakor to provide its technical expertise while expanding our revenue streams further as we process hundreds of thousands of tons of material and clean oil-waste in the US. Vivakor is committed to revenue diversification as it continues to expand its presence here in the US. As recently announced, our latest technological enhancements are effectively positioning us in support of multiple projects while driving our commitment to increasing shareholder value."

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