Archive for category: News

LAS VEGAS, Oct. 09, 2018 (GLOBE NEWSWIRE) — Vivakor, Inc. (VIVK), a technology and asset acquisition company with a focus in the area of natural resources, is proud to announce that its Remediation Processing Centers have now entered the fundamental revenue growth phase.

Vivakor’s business model is structured to maximize the creation of value for its investors and shareholders. Each Remediation Processing Center is expected to generate sufficient revenue and profit margin over its first four years in operation to be able to provide a solid return of capital of initial costs for its investors and significant profits for Vivakor shareholders.

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LAS VEGAS, August 23, 2018–(GLOBE NEWSWIRE) – Vivakor, Inc. (VIVK), a technology and asset acquisition company with a focus in the area of natural resources, today announced its successful delivery of its oil remediation unit in Kuwait.

Under its previously announced contract award from February 15, 2018, Vivakor expects to begin work in September. The initial work covers approximately 15,000 metric tons of contaminated sands and is expected to be completed in six months. This first phase of the contract totals approximately $2 million and represents just a small fraction of the total opportunity of the project in Kuwait.

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LAS VEGAS, NV–(Marketwired – March 7, 2018) – Vivakor Inc. (OTC PINK: VIVK) announced today that VivaVentures Energy Group, a wholly owned subsidiary of Vivakor Inc., has successfully extracted hydrocarbons from the oil sands in Utah for the past year.

Vivakor’s patent pending, closed looped hydrocarbon extraction technology was invented to solve a pivotal problem within the state of Utah: how to monetize over 30 billion barrels of estimated heavy crude reserves found within the oil sands in the state. Vivakor is the first and only Company to consistently produce oil from oil sands with an environmentally-friendly, closed-looped system. This system has demonstrated continuous developmental production of crude oil, while the sands are cleaned to 99% purity of all contaminants, and has done so for over a year now.

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LAS VEGAS, NV–(Marketwired – February 8, 2018) – Vivakor Inc. (OTC PINK: VIVK) announced today that it has engaged Inland Recycling, LLC (Inland) in a Memorandum of Understanding (MOU) for joint, oil reclamation services throughout the US. Inland owns and operates a permitted oil reclamation processing facility dedicated to the recovery and distillation of oil from various sources.

Vivakor will provide advanced technological oil-separation resources to the current operation. The Inland Recycling facility is located on a 20-acre site near Altair, Colorado County, Texas. The facility is strategically located within the greater Texas gulf coast industrial zone, which includes the Houston Ship Channel, Matagorda Bay and the emerging Corpus Christi complex. Inland contracts logistics services through numerous national tank carriers, local carriers, environmental service companies, and tank rental companies throughout the U.S. The materials processed at this site are Used Oil (lube oil), oil/water mixtures, diesel/heavy fuel oil/residual fuel oil mixtures, tank bottoms, oil-water mixtures, and crude oil/refinery petroleum fraction products and co-product materials that are not solid wastes.

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LAS VEGAS, NV–(Marketwired – February 6, 2018) – Vivakor Inc. (OTC PINK: VIVK) announced today that it has increased its multi-patent portfolio with new filings regarding its closed-looped hydrocarbon recovery system.

Further technological enhancements to Vivakor’s existing oil separating capabilities have been filed. The Company plans to expand its patent portfolio further, as they have made huge advancements in upgrading up-stream end products from their processed oil-based material. Management believes such developments will immediately add significant value to products sold, thus aggressively driving shareholder equity value due to the technology advancements.

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