Sky Quarry Inc. has unveiled a strategic growth plan for its subsidiary, Foreland Refining Corporation, aimed at achieving full production capacity. The plan is set to scale operations to up to 800,000 barrels annually at Foreland, the only operating refinery in Nevada. Key elements of the roadmap include improving operational efficiency, expanding the workforce, and strengthening supply and customer relationships. The refinery is currently producing up to 3,600 barrels per day, with intentions to expand capabilities to include recycled heavy oil from waste materials. This initiative is expected to bolster revenue growth and support Sky Quarry's mission of building a sustainable and resilient energy future, positioning Foreland as a crucial component of regional energy infrastructure.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.