Pledge Petroleum has merged with RENEWABLE TECHNOLOGY SOLUTIONS
Founded in 2016, and based in East Tennessee, RTS operates in the renewable energy space and caters to a vast unmet market for renewable diesel. RTS utilizes cutting edge, infinitely scalable, patented and proven technology that generates continuous, 100% sustainable, clean energy. RTS Renewable Diesel is a “drop-in” diesel meaning it is a 100% petroleum diesel replacement that is chemically indistinguishable from conventional ASTM D975 Diesel. In addition, the Carbon Intensity of RTS Renewable Diesel is less than 1/10th the Carbon Intensity of conventional diesel, delivering significant environmental benefits through reduction in greenhouse gas emissions. As a producer of the world’s cleanest renewable, sustainable and economical “green” diesel, RTS has key market advantages, and is on the forefront of the race to reduce CO2 emissions and reverse the devastating effects of climate change. With the Paris Accord, and the growing public awareness of the effects of climate change, there is a global push for clean, renewable energy and RTS is uniquely positioned to profit from this monumental shift.
RTS has entered into an agreement to purchase a 28 acre-site, representing a significant step in building its initial renewable diesel facility. The facility, which should be built within the next year, subject to RTS obtaining funding, is ultimately estimated to produce 52M gallons of renewable diesel annually and is projected to produce significant recurring revenue from both renewable diesel and high quality biochar over the twenty-year lifespan of the facility. In addition, the unique nature of the RTS production process, coupled with the low Carbon Intensity ("CI"), or life-cycle, of the resulting renewable diesel, qualifies RTS for three separate incentive credits with substantial revenue potential, resulting in a total of five distinct revenue streams. Favorable letters of intent are in place for product off-takes, as well as for the biomass feedstock utilized for production.
December 20th, 2018|news
11/14/2013 - Propell Technologies Group, Inc Begins the treatment of 10 wells in the Permian Basin in Texas - Treatments to include water flood injectors, producers & two new wells.
11/13/2013 - Propell Technologies Group, Inc's Wholly Owned subsidiary Novas Energy USA, Inc to present Enhanced Oil Recovery Technology & US Treatment results at Total Energy USA
11/05/2013 - Propell Technologies Enters into Engineering Agreement - Propell signs agreement with a U.S. engineering firm to produce its plasma pulse tools
10/23/2013 - Propell Technologies Reports Well Treatment Results in the Arbuckle Formation in Kansas - Prescott #2 Increases from 2 BOPD to 40 BOPD a 1900% increase in its intial oil production
10/14/2013 - Propell Technologies Reports 6 Month Well Treatment Results in Oklahoma - A well treated by Novas Energy enjoys even greater production results 6 months after treatment.
10/8/2013 - Propell Technologies Reports Additional Well Treatment Results in Oklahoma - Well goes from 0 BOPD to 44 BOPD after treated by Novas Energy, second well they will be receiving revenues from.
10/1/2013 - Propell Technologies Reports Well Treatment Results in Oklahoma - Well goes from 5 BOPD to 57 BOPD after treated by Novas Energy, first well they will be receiving revenue from.
08/19/2013 - Propell Technologies Signs First Oil Services Revenue Sharing Agreement - Propell signs agreement to share revenue on wells they treat.
08/14/2013 - Propell Technologies Announces Investor's Conference Call Wednesday August 14th - Conference call scheduled with Propell's CEO.
08/05/2013 - Novas Energy USA Inc to Present Enhanced Oil Recovery Technology Results to Energy Prospectus Group in Dallas - Presenting at EPG Groups Dallas Conference
07/17/2013 - Novas Energy USA Inc to Present Enhanced Oil Recovery Technology Results to Energy Prospectus Group - Presenting at EPG Luncheon in Houston, TX
07/10/2013 - Propell Technologies Group Inc. (OTCQB:PROP) Announces Kansas Mississippi Lime Report Showing Continued Success of its subsidiary, Novas Energy USA, Inc ("Novas Energy"), in increasing Oil Production - Announcement of treatment results from their pilot program in the USA
07/02/2013 - Propell Announces Change to Board of Directors, Oil Veteran to Join Board - Dan Steffen Oil Veteran to Join Propell's Board
06/25/2013 - Novas Energy USA, Inc to Exhibit Enhanced Oil Recovery Technology at the Global Hunter Securities Energy 100 Conference - Novas Energy USA to exhibit at Global Hunter Securities Energy 100 Conference
06/19/2013 - Propell Technologies Subsidiary Novas Energy USA Announces Oklahoma Mississippi Lime Report - Announcement of treatment results from their pilot program in the USA.
06/05/2013 - Propell Technologies Reports Oil Well Operator Production Data in Oklahoma - Report of results of their treatment of a well and the well operators commentary.
05/30/2013 - Propell Technologies Announces Field Progress on Novas Energy Plasma Pulse Treatments - Novas Energy begins treating wells in relation to their pilot program on US Wells
05/14/2013 - Propell Technology Group's Wholly Owned Subsidiary Novas Energy USA to Present at The National Eagles and Angels Association - Novas Energy USA to Present at The National Eagles and Angels Association
ALL FILINGS HERE https://www.otcmarkets.com/stock/PROP/disclosure