HNRC DOUBLES PRODUCTION CAPACITY
09 Julho 2021 - 1:38PM
InvestorsHub NewsWire
HNRC
DOUBLES
PRODUCTION
CAPACITY
HOUSTON, Texas -- July 9, 2021 -- InvestorsHub
NewsWire -- Houston Natural Resources Corp. (OTC:
HNRC) ("HNR or the Company") announced today that its
subsidiary HNR Oil Services LLC has completed the purchase of
additional equipment to increase its processing capabilities. The
new equipment is expected to be fully operational in the third
quarter of this year.
The new equipment will allow the company to expand its
processing capabilities to fifty thousand barrels per day. The
facility is currently permitted for disposal of twenty-five
thousand barrels per day of oil field toxic waste fluids and is
permitted and will soon expand to sterilizing oil field toxic
solids waste. These unique permits have allowed HNR Oil Services to
issue its customers a Texas State Certificate of Destruction of
such toxic waste. This is an especially important step in
environmental protection by keeping toxic materials out of land
fields.
The company receives fees for processing the water and oil sales
from the separation of the oil from the water. At full production
the facility would generate $10 million in
earnings.
The company intends to acquire a thermal desorption unit where
solids are transferred, rehydrated, and cooled. The solids are
transferred to the road base blending area via a roll-off box and
loaders for further blending. The road base material is then
blended via pugmill. This would be a third source of revenue for
the company.
The company's subsidiary owns a water treatment and disposal
facility located in Wilson County, Texas that exceed all state and
federal regulatory requirements, provide maximum environmental
protection and will generate multiple streams of revenue for the
company via the saltwater disposal and byproduct remediation. HNR
Oil Services anticipates a rapid expansion with four additional
processing facilities across all suitable oil and gas producing
regions, increasing to seven facilities in the next five years
through existing financing sources.
HNRC is a diversified holding company that has two subsidiaries,
Houston Natural Resources, Inc ("HNRI") and Worldwide Diversified
Holdings, Inc ("WDHI"). HNRI owns oil and gas properties and a
waste-water treatment plant. WDHI has business operations that
provide products & services in the Information Technology &
Healthcare markets. HNRC anticipates up listing onto OTCQX or major
exchange. The company is preparing an SEC filing to become an SEC
reporting company.
About Houston Natural Resources Corp
Houston Natural Resources Corp (www.HoustonNaturalResources.com) (OTC:HNRC).
The Company is dedicated to increasing shareholder value through
developing natural resources with state-of-the-art innovative
technologies in tandem with sustainable environmental services of
toxic oil field waste disposal and recycling that are
environmentally safe and socially responsible.
About Worldwide Diversified Holdings, Inc.
Worldwide Diversified Holdings, Inc.(www.wdhinc.net).
The company is a diversified holding company with business
operations and investments. The portfolio companies include
investments in information technology and healthcare.
FORWARD-LOOKING STATEMENTS:
This press release may contain "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Statements other than statements of historical facts included
in this press release may constitute forward-looking statements and
are not guarantees of future performance or results and involve a
number of risks and uncertainties.
Contact:
Houston Natural Resources Corp.
E-mail: frank@HoustonNaturalResources.com
Houston Texas USA
Houston Natural Resources (PK) (USOTC:HNRC)
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