Olenox Industries (NASDAQ: OLOX) announced it has commenced the process of recommissioning its 162 miles of pipeline as a wet gas system designed to produce both natural gas liquids and dry gas, with NGLs targeted for higher-value midstream blending markets and dry gas sold into open markets and contracts. The Company has begun a new survey, expected to conclude mid-February, after which it plans to apply for license reinstatement and bring the system back online, while also utilizing surplus dry gas as feedstock for containerized generator sets to produce base and peak power for the grid, positioning the pipeline to generate meaningful annual revenue with additional upside from power generation and NGL sales.
To view the full press release, visit https://ibn.fm/lwRgl
About Olenox Industries Inc.
Olenox Industries is a multifaceted energy company focused on acquiring, operating, and scaling businesses that provide engineered solutions across industrial, energy, and infrastructure markets. Through its subsidiaries, including Giant Containers, the Company delivers high-quality containerized systems designed for rapid deployment and long-term performance.
NOTE TO INVESTORS: The latest news and updates relating to OLOX are available in the company’s newsroom at https://ibn.fm/OLOX
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