Vivakor said it is relocating its Remediation Processing Center 2 (RPC #2) from Vernal in Utah to Kuwait based on successful trial results yielding less than 1% total petroleum hydrocarbons (TPC) in treated contaminated soil.
The trial, conducted at the South Kuwait Excavation, Transportation and Remediation Zone III project in the DIC Yard, Mina Abdullah, Kuwait, was deemed a success, with the commissioning phase concluded and approved to move to commercialization.
In the final treated soil, which started within a range of 7% and 10% TPH and 10% to 15% TPH, the TPH range was measured between 0.2% and 0.4%, within the expected TPH range of less than 1%.
Vivakor believes the relocation of RPC #2 will allow it to generate revenue from its operations in 2024.
The company expects to begin the dismantling process for RPC #2 by the end of June and expects it to be in Kuwait during 4Q 2023.
It has secured loan financing of $1.95 million to be received in eight installments upon the achievement of certain milestones, from the signing of the loan documents to the installation of RPC #2.
"We are excited to have contracted our RPC #2 with Aldali Int'l for Gen. Trading & Cont. Co. (DIC) and to relocate it to Kuwait,” said Vivakor CEO James Ballengee in a statement.
“We look forward to having our team in place in Kuwait readying the machine in the fourth quarter and positioned for operations in early 2024.”
Vivakor is a clean energy technology company focused on the oil remediation and natural resources sectors.
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