Vivakor Inc (NASDAQ:VIVK) announced that it has completed the factory acceptance tests for its Remediation Processing Center (RPC) in Houston, Texas, a major milestone for the company as it advances the site toward commercial operation.
The company said the testing of all the control logic, operating screens, PLC controls, plant interlocks and all plant equipment, instruments and devices was carried out in partnership with RK Energy.
"This is a significant milestone and provides support for some of the rationale behind our acquisitions from the summer of 2022, as we believed in the synergies between the RPCs and our oil and gas expertise,” Vivakor CEO James Ballengee commented.
He said the company is excited to establish this first-of-its-kind center for the processing and recovery of tank bottom sludge and other oil industry waste.
“Millions of tons of this waste are generated annually, just within the US and are typically treated with hardening agents and disposed of in hazardous waste landfills,” Ballengee said.
“The goal of our facility is to process this waste and recover and recycle the embedded oil, reducing the need to drill for new oil and preventing the waste from ending up in landfills."
Vivakor is now progressing with securing the necessary permits and power access for the site as the final steps before the RPC enters commercial operation.
The company expects that once the plant is fully operational it will process 700 to 900 tons of raw material a day for an average of 600 to 800 barrels of crude production on average and 100s of tons of clean solids with less than 1% hydrocarbons every 24 hours.
Vivakor is a clean energy technology company focused on the oil remediation and natural resources sector.