SOURCE: RJD Green Inc

October 21, 2014 07:30 ET

RJD Green Moves Forward on Its First Waste Oil Recovery Plant

TULSA, OK--(Marketwired - Oct 21, 2014) - Rex Washburn, RJD Green (OTCQB: RJDG) CEO, announced the Company has completed all initial steps to launch its first regional waste oil recovery plant.

Proprietary processing technology has been acquired from Pemco Petroleum, a 10 acre site has been purchased in Nowata County, Oklahoma, and the facility has been permitted for operation by the state of Oklahoma.

Mr. Washburn states:

"The facility is designed to process up to 25,000 barrels of waste oil monthly, recovering 45% - 60% of the targeted waste processed in salable oil with 99% purity. The proprietary processes will be utilized for waste streams from oil field production, tank farms, oil terminals, and other hydrocarbon disposal needs. The plant will have the ability to receive commercial projects nationally by rail transportation.

"The three-year projection for this facility is $14,320,000 revenue and $5,370,000 EBITDA.

"This facility is the first of four planned facilities in symmetrical regional locations, and it is expected to be operational in the second quarter of 2015."

RJD Green is a holding company focused in three divisions green environmental products and services, energy related services, and niche market constructions / industrial products and services.

Forward-looking Statement:

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events of future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluation such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

Contact Information

  • For additional information contact
    Ron Brewer
    COO
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    (918) 551-7883