Vivakor Inc (NASDAQ:VIVK) CEO Matt Nicosa tells Proactive it has signed a 10-year contract with Hot Oil Transport, LLC (HOT), a supplier of asphalt materials, that could be valued at up to $250 million over the life of the deal based on current prices. The South Salt Lake City, Utah-based company explained that Hot Oil Transport in turn supplies to Southwest Liquid Asphalt & Emulsions (SLA), a major supplier of polymerized asphalt in Southern Nevada. SLA's largest customer is Las Vegas Paving, one of the largest road construction companies in the state of Nevada, with revenues of more than $500 million annually.
Vivakor awarded 10-year contract for the sale of asphalt from its Utah facility
