Arcis Energy, Inc., a Subsidiary of Arcis Resources Corporation, Signs Joint Venture Agreement with General Oil Company, Inc.

Share Article

Arcis Resources Corporation & General Oil Co., Inc. Execute Joint Venture Agreement to Capitalize on Petrochemical Sales, Distribution and Byproduct Opportunities in the US, Latin America, N. Africa & Saudi Arabia.

Arcis Resources Corporation (“Arcis”) (OTCBB: ARCS) and General Oil Co., Inc. (“General”) have executed a joint venture agreement to capitalize on petrochemical sourcing, sales, distribution and byproduct reuse opportunities in the US, Latin American, Caribbean, N. African, and Saudi Arabian markets. Operating through a newly formed JV company, ARGEN, the partnership will begin leveraging the product sourcing, logistics, finance, and distribution operations of both Arcis and General for the purpose of entering into long term supply and sales contracts with suppliers and producers of petrochemical products and byproducts in their respective markets.

"We are very excited about our new relationship with General Oil and look forward to a long partnership. By leveraging our respective expertise, market knowledge, and resources, General Oil and Arcis benefit from the creation of a robust international footprint enabling both companies to penetrate new and lucrative markets and product lines. Arcis’ expertise in petroleum byproduct material sourcing, including Crude Oil, Asphalt, and Residual Oils in the US and General’s distribution strength in those markets in the Latin American, N. African, and Caribbean markets were a natural fit. From there, both Daniel [Mr. Daniel Gallardo, CEO, General Oil] and I immediately recognized the enormous opportunities available if we worked together,” stated Mr. Robert Di Marco, EVP of Arcis Resources Corp.

"Our new relationship with General validates our view that the petroleum marketing and the byproduct management markets are going to continue to see strong growth as companies seek ways to reduce their waste footprint, and seek alternate stable sources of product.", commented Mr. Trevis Lyon, President of Arcis Resources Corporation.

Over the course of the next several years, Mr. Di Marco and Mr. Gallardo are committed to exploring “Green” reuse opportunities in which the two companies can leverage their resources, market expertise and network to take advantage of this market. Mr. Di Marco expects ARGEN to start contributing to both Arcis’ and General’s financial results in a significant way during the next 12 months.

Arcis Resources Corporation (OTCBB:ARCS) is an integrated beneficial reuse and reclamation company headquartered in Birmingham, AL. The Company’s primary focus is to provide beneficial reuse sales and marketing, petrochemical logistics and distribution services, and reclamation services to generators and customers in the US, South America, and Saudi Arabia. Arcis provides petrochemical logistics & distribution services, and beneficial reuse sales & marketing via Arcis Energy, Inc. and also provides award winning patented liquid recovery technology for reclaiming liquid wastes out of industrial sorbent materials via Mobile Fluid Recovery, Inc. Arcis Energy, Inc., Gulf Coast Energy Distribution, LLC and Mobile Fluid Recovery, Inc. are wholly owned subsidiaries of Arcis Resources Corporation (ARCS.QB). Arcis has offices in West Palm Beach, FL and Birmingham, AL. (http://www.arcisresources.com)

General Oil Co., Inc. is an established US-private corporation founded in 1997. General Oil and its affiliates and subsidiaries provide their clients and partners with worldwide trading services for the acquisition and negotiation of physical liquid energy commodities, including hedging, price risk management, financing, transportation, and storage. General Oil has offices in New York; Caracas, Venezuela; Lima, Peru; Quito, Ecuador, and two representative offices in Buenos Aires, Argentina, and Riga, Latvia. General Oil is an active trader of Specialty Products such as Paving Asphalt, Roofing Flux, and Base Oils. The Company deals mainly with institutional clients from both private and public sectors and specializes in paving road asphalt PG 67-22 and 64-22 or 60/70 PEN, widely utilized in our roads in the USA, the Caribbean, Africa and South America. (http://www.generaloilcompany.com)

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Media Inquiries: