LAS VEGAS, NV / ACCESSWIRE / July 10, 2019 / Vivakor, Inc. (OTC Pink: VIVK), a technology and asset acquisition company with a focus in the area of natural resources, announces that its Proprietary Remediation Processing Center II (RPC) has completed the design and engineering phase of its latest, patent-pending technology and has commenced assembly.
“The finalization of design and engineering for RPC II is a very important milestone for the Company and the shareholders of the RPCII machine,” stated, Vivakor Chief Executive Officer Matt Nicosia. “This second-generation technology builds upon our proven, pioneering process of oil sand remediation. Not only can this latest process remediate substantially more contaminated oil sand material at approximately 700 tons a day, it can also reclaim and reuse virtually 100% of the natural solvents used and created in the proprietary, flash evaporation process. All of which results in the production of some 250 barrels a day of heavy crude material and light chain hydrocarbons.”
RPCs are designed, engineered and manufactured in an Opportunity Zone in South Salt Lake, Utah, utilizing multiple patent-pending technologies owned by the company. Each RPC can process up to 700 tons of hydrocarbon contaminated sands, with an operating life of at least 20 years. The result is cleaned sand and an average of 250 barrels per day of hydrocarbon production that ranges from crude oil, bitumen used in the production of asphaltic cement or upgraded, lighter end hydrocarbon fuels. This production occurs in a fully enclosed, continuous feed operating system that uses no water and emits no harmful pollutants. Proving to remediate oil spills and contaminated hydrocarbon sands, in an environmentally friendly way, has enormous upside implications for the company and the planet.
Vivakor, Inc. (), a technology and asset acquisition company with a focus in the area of natural resources. Vivakor’s corporate mission is to create, acquire and accumulate distinct assets, intellectual properties, and exceptional technologies that produce solid returns to its valued shareholders and partners. The company currently focuses on bitumen (heavy crude) extraction from shallow, oil-laden areas in Eastern Utah, along with petroleum based remediation projects across the globe. The technologies utilized are low-cost, proprietary and proving themselves industry disruptive when measured by a number of important factors. The general business model has been to be an acquisition hub, focused on building and acquiring cash-flowing assets in discrete areas that have an acknowledged technological advantage and enable a substantial market opportunity within significant target markets across the globe. Our research, and the technology we acquire are anchored by our relationships with synergistic partners and product-specific commercialization strategies. From the point of product or technology conception, or through acquisition, development and commercialization, we expect to have strategic partners, joint ventures or licensing arrangements in place for many of our products in order to sustain revenue attainment.
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SOURCE: Vivakor, Inc.