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TopNewsGuide: OTC ESG Co. Viking Energy (OTCMKTS:VKIN) Reaches Facilities Agreement

By on February 1, 2022 0

Viking Energy Group (OTCMKTS: VKIN) is nearing the closure of a green renewable diesel production facility said to be capable of producing about 43 million gallons of renewable diesel per year. VKIN announced its entry into the deal on 1st December. Last week, it took the next step by completing this major acquisition that would add….to its already impressive ESG-focused portfolio.

VKIN Membership Interest Purchase Agreement with RESC Renewable Holdings, LLC buy the interests of the members of New Rise Renewables, LLC. and so the Reno, Nevada installation, will add to the list of green revenue streams that includes zero-emission carbon capture technology. and the newly acquired medical waste treatment technology called “OZONE”.

VKIN ON AN ESG ACQUISITION JOURNEY

Investors may want to keep VKIN shares on their watchlists as they expand. In a five million share deal last month, VKIN bought a majority stake in an entity that uses proprietary ozone technology. It is a medical product and Biohazard waste processing system.

VKIN CEO HIGHLIGHTS “READY-TO-MARKET” STRATEGY

James Doris, President and CEO of VKIN, said, “We are extremely pleased to continue our strategy. This strategy requires the acquisition of “ready-to-market products” in the ESG space.

He adds that the medical service and Biohazard waste the processor is a $20 billion industry. Doris says VKIN is already in talks with potential customers in the we and abroad on the use of this technology in several places.

VKIN ESG CLEAN ENERGY TECHNOLOGY

Last year, Camber energy (NYSE: CIS) purchased $11 million VKIN stock value. The proceeds of this transaction were then used to buy 60.5% of a company engaged in the manufacture of industrial engines.

The funds were also used to acquire an IP license from ESG Clean Energy LLC to generate clean, renewable energy from internal combustion engines. Not only does the process capture carbon dioxide (CO2), but it also generates many valuable products for sale. This creates multiple streams of income from a single transaction. It is an efficient use of capital.

‘OZONE’ REDUCES THE VOLUME OF RAW WASTE BY 90%

Returning to the “OZONE” acquisition, Doris explains that ozone plays a vital role in the proprietary waste treatment system as it is a “sterilizing” agent. “OZONE” “shreds” raw waste in a controlled environment and “reduces its volume by 90%”.

The associated waste is then classified as a renewable fuel for waste-to-energy (WTE) at facilities around the world. ‘OZONE’ has been shown to be effective in killing bacteria, fungi and viruses, according to VKIN.

In the waste treatment process, “zero” emissions are created. Exclusive and licensed technology from ESG Clean Energy LLC (ESG) can be used in medical facilities, public facilities such as airports, nursing homes, cruise ships, etc.

VKIN’S GREEN DIESEL OPPORTUNITY

The aforementioned green renewable diesel generation facility in the city of Reno, Nevada will not only be capable of approximately 43 million gallons of annual production, but could also generate significant margins.

VKIN’s biofuel margins could exceed average producers as there is a pre-treatment center in the facility allowing the company to purchase pure raw materials rather than the expensive pre-treated raw materials that many companies use in the process of production. Combined with the tax benefits of a Reno location, the revenue cost will be interesting to follow.

With the terms of this deal closer to completion and the diverse portfolio of green verticals, VKIN should be above any ESG investor’s radar.

More VKIN NEWS:

Viking Energy Group, Inc. (OTCMKTS:VKIN) Patent Creates Strong Position in North America

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