Vivakor, Inc. Creates Qualified Opportunity Zone Fund, Viva Opportunity Fund, LLC; Expects to Launch its Fully Scaled RPC Unit in the First Quarter of 2019
January 09, 2019 at 12:50 pm
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Vivakor, Inc. created a Qualified Opportunity Zone Fund, Viva Opportunity Fund, LLC invested and will continue to invest in Remediation Processing Centers Design and Manufacturing, LLC (RPC), which is an Opportunity Zone designated business in Utah, creating enormous tax savings and return potential for its investors. Vivakor is contracting with RPC to build its patent pending technology for remediation and extraction of Hydrocarbons from soil material. The Company is expected to launch its fully scaled RPC unit in the first quarter of 2019, with the production of up to 30 units in the next 24 months to support its business in their Fundamental Revenue Growth phase. Vivakor operates the RPC's through its VivaVentures Energy Group Inc. division currently operating in Utah and Kuwait. The need for RPC's throughout the world applies to any hydrocarbon mixed in soil remediation and certain Oil Sands operations. In addition to the substantial tax saving potential, investors would also be eligible for royalties of 25% of the production on each RPC. Each RPC is projected to generate between $5-6 million per year, or a royalty stream of $1.25 to $1.5 million annually. The investment may also be converted to Vivakor's publicly traded stock, allowing for a high level of flexibility and liquidity.
Vivakor, Inc. is a clean energy technology company. The Company is an operator, acquirer and developer of technologies and assets in the oil and gas industry, as well as related environmental solutions. The Company is primarily focused on operating crude oil gathering, storage and transportation facilities, as well as contaminated soil remediation services. Its soil remediation services specialize in the remediation of soil and the extraction of hydrocarbons, such as oil, from properties contaminated by or laden with heavy crude oil and other hydrocarbon-based substances. Its technologies include Hydrocarbon Extraction Technology, Automation and Machine Learning, and Hydrocarbon Upgrading Technologies. The Hydrocarbon Extraction Technology is aimed at remediating contaminated soil and recovering usable hydrocarbons, which is used in its remediation plants, also known as Remediation Processing Centers (RPCs).
Vivakor, Inc. Creates Qualified Opportunity Zone Fund, Viva Opportunity Fund, LLC; Expects to Launch its Fully Scaled RPC Unit in the First Quarter of 2019