Vivakor Inc (NASDAQ:VIVK) has announced that is has reached an agreement with JVS Holdings doing business as EMS Management to manage its Houston operations with a focus on remediating waste oil sludge from refineries and midstream oil operators.
The company said following the signing of a Master Work Agreement with EMS, the two parties would work together to deploy Vivakor’s remediation processing centre (RPC) technology in the Houston area, with EMS to supply operational expertise and personnel on site and to procure waste treatment contracts.
The parties have identified potential sites and will soon announce a precise location for the deployment of the first RPC, which is fully funded through a special purpose vehicle and expected to be deployed in June.
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“When deployed, the RPC in Houston will have the capacity to clean up to 100 barrels per hour of contaminated sludge material, which material is expected to be at least 40% oil by weight, and thus allow the company to reclaim up to 1,000 barrels a day of a recycled hydrocarbon for reuse,” Vivakor said in a statement.
Vivakor CEO Matt Nicosia said tackling America’s huge tank bottom sludge problem starts with Houston.
“We are excited to offer the ability to process the oil waste material and assist producers, pipelines, and storage tank owners in significantly reducing the need for landfills for this large waste stream,” Nicosia said.
EMS chief commercial officer Todd Hull said the partnership would provide major oil companies a green alternative to disposing this waste in landfills.
He said Vivakor’s technology combined with EMS’ operational expertise would do this by “turning waste into value streams based on the reduce, reuse, recycle model and driving the circular carbon economy.”
Vivakor is a clean energy technology company focused on oil remediation through its patented RPC which can recover heavy crude and other hydrocarbons through the remediation of contaminated soils.
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