Vivakor (NASDAQ:VIVK) Inc CEO Matt Nicosia tells Proactive it has signed a lease with Tar Sands Holdings II (TSHII) and an agreement with Greenfield Energy, which, together, are expected to provide it with multiple years of rich oil sands supply, along with access to world-class operational services. The South Salt Lake City, Utah-based company said the multi-year lease allows it up to 2,000 tons per day of oil sand material, which is guaranteed by TSHII to be at a minimum of 10% hydrocarbon by weight, that is expected to produce up to 200 tons of asphalt cement per day when processed through four of Vivakor' patented Remediation Processing Centers (RPCs).
Vivakor secures long-term oil sands supply and lease agreement at its Utah facility
