GRNO's Wholly Owned Subsidiary, Custom Carbon Processing Inc., Receives Additional 10,000 Barrels of Slop Oil From McBeth Facili
November 02 2010 - 7:30AM
Marketwired
Green Oasis Environmental Inc. (PINKSHEETS:
GRNO), a Florida corporation is pleased to announce its wholly
owned subsidiary Custom Carbon Processing Inc., (CCP) has made
substantial improvements to the equipment used for processing out
of the Wyoming location. These changes have cut CCP's fuel expense
by 60 percent. In addition to the reduction of fuel expense, CCP
has also received a late year increase of 10,000 barrels of slop
oil at their McBeth facility.
"These new changes provide us with the ability to process more
abrasive materials with far less wear on our equipment. Further, by
reformatting some older equipment, we can now cut our fuel expense
by almost 60 percent. We can also shorten the amount of time it
takes to heat tanks, get a lot more wear out of our equipment
before servicing, and process more material in the same amount of
time," stated Matt Campbell -- V.P. of research and
development.
"These changes come at a good time, as CCP has received a late
year-end rush of product to the McBeth facility. Over the last
month CCP has brought in over 10,000 barrels of material to the
facility, and at least that much more is still making its way
there. "I am happy with the volumes of slop oil coming into our
McBeth facility as of late. The increase is a good sign to receive
as we enter the last 2 months of 2010," added Peter Margiotta,
President/CEO.
Green Oasis -- "Green today for a stronger tomorrow."
About Green Oasis Environmental Inc.
Green Oasis Environmental, Inc. (GRNO) is dedicated to acquiring
and providing access to world class technologies available today
and has chosen to focus its efforts on seeking acquisitions of
technology and/or operations concerning the remediation of slop
oil, waste engine oil, and tank bottom oils. GRNO has every
intention of becoming the single best option for reclaiming oil to
pipeline specification from these waste products. Through the
Company's state of the art technology, GRNO will be able to process
these waste products at one of their facilities or at a customer's
site by way of implementing its portable processing technology.
About Custom Carbon Processing Inc.
Custom Carbon Processing Inc. (CCP) is a Wyoming based Company
formed in 2006 that has been operating in the Gillette, Wyoming
area since its inception. Through the technology that CCP has
developed, CCP is able to process slop oil unrefined, non saleable
oil) into pipeline standard crude. Its first facility has proven
its capabilities to process up to 1,500 barrels of slop oil with a
conversion ratio of approximately 50% to finished crude. Through
its ongoing contract, CCP sells the processed slop oil to Shell
Trading (US) Company (www.shell.us). Shell Trading (US) Company is
a corporation that acts as the single market interface for Royal
Dutch Shell companies and affiliates in the United States with
offices in Houston, TX (headquarters); Dallas, TX; Denver, CO;
Midland, TX; and San Antonio, TX; and has an affiliated Shell
Trading company in Calgary, Alberta. Shell Trading buys and sells
more than five million barrels per day of hydrocarbons, is one of
the largest physical traders of hydrocarbons in the United States
and one of the world's largest energy trading companies.
In addition to its Wyoming facility, CCP is currently planning
expansion of its processing technology into Montana and North
Dakota, home of the Bakken (www.bakkenblog.com) and Three Forks
plays, said to be two of the largest oil plays in North
America.
For more information on Green Oasis Environmental, Inc. or
Custom Carbon Processing Inc., please visit
www.greenoasisenvironmental.com or contact Investor Relations at
(877) 207-3370.
Safe Harbor
Statements about the Company's future expectations and all other
statements in this press release other than historical facts, are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The Company intends that such
forward-looking statements be subject to the safe harbors created
thereby.
The above information contains information relating to the
Company that is based on the beliefs of the Company and/or its
management, as well as assumptions made by any information
currently available to the Company or its management. When used in
this document, the words "anticipate," "estimate," "expect,"
"intend," "plans," "projects," and similar expressions, as they
relate to the Company or its management, are intended to identify
forward-looking statements. Such statements reflect the current
view of the Company regarding future events and are subject to
certain risks, uncertainties and assumptions, including the risks
and uncertainties noted. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
to be incorrect, actual results may vary materially from those
described herein as anticipated, believed, estimated, expected,
intended or projected. In each instance, forward-looking
information should be considered in light of the accompanying
meaningful cautionary statements herein. Factors that could cause
results to differ include, but are not limited to, successful
performance of internal plans, the impact of competitive services
and pricing and general economic risks and uncertainties.
Contact: Investor Relations Taylor Capitol, Inc. Stephen Taylor
(877) 207-3370 Email Contact
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