Business
UNITED ENERGY ANNOUNCES MAJOR CORPORATE ADVANCEMENTS
UNITED ENERGY ANNOUNCES MAJOR CORPORATE ADVANCEMENTS.
About this update from United Energy Corp.
[{"type":"text","content":"\n\n\n\nUNITED ENERGY ANNOUNCES MAJOR CORPORATE ADVANCEMENTS\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nUNITED ENERGY ANNOUNCES MAJOR CORPORATE ADVANCEMENTS\nPR Newswire\nPLANO, Texas, Aug. 5, 2022\n\n\n\nPLANO, Texas, Aug. 5, 2022 /PRNewswire/ -- United Energy (OTCMKTS: UNRG) -- United Energy Corporation today announced 100% acquisition of Integrity Terminals, LLC., adding to UNRG's previous minority ownership stake of 12%. According to Brian Guinn, UNRG CEO, \"As a wholly owned subsidiary of UNRG, full ownership and operational control enables UNRG to implement aggressive plans for the project's completion while increasing shareholder value. Profitability. Responsibility. Sustainability. These are the hallmarks of our corporate mission.\"\n\n \n \n \n \n \n \n\n \nUNRG engages EXCEL Midstream Solutions, Houston, Texas as its strategic design, permitting, and engineering partner.UNRG has also acquired the option to purchase a total of 686 acres of land located in Iberville Parish, Louisiana. The land's purchase is subject to due diligence studies and permitting approvals prior to closing on the property.\nIntegrity Terminals is a planned greenfield facility and sophisticated bulk storage import/export project strategically located in Louisiana's Gulf Coastal area along the Mississippi River. This corridor connects U.S. oil and gas suppliers with domestic and international markets. The world-class and technologically advanced, multi-functional facility will store, blend, and distribute petroleum products, crude oil, biofuel, green energy, and non-petroleum compounds. Phase 1 will focus on rail storage and transport. Phases 2 and 3 will incorporate deep-water and barge access, bulk storage, and more complex rail rack and rail storage systems.\nThis ambitious project will reduce dependence on foreign sources and interrupted supply chains. Leveraging connectivity to key refineries, pipelines, and the country's network of highways, integrated terminals provide logistical and wholesale oil and gas distribution solutions. The terminal will embrace eco-friendly, LEED®...