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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO) -- Ignore unavailable to you. Want to Upgrade?

To: okee-boy who wrote (9584)	6/18/1998 7:43:00 AM
From: Kip518	Respond to of 13091

DJ headline on GRNO's release is looking ahead: Green Oasis To Spend $500,000 For Added S.C. Plant Capacity Dow Jones Newswires CHARLESTON, S.C. -- Green Oasis Environmental Inc. (GRNO) will raise the used oil input capacity of its Charleston, S.C. waste oil processing plant to 1,000 gallons an hour. In a press release Wednesday, the company said the plant was permitted to operate at 250 gallons an hour and designed to operate at 400 gallons an hour. The company said the South Carolina Department of Health and Environmental Control's Air Quality Bureau approved its permit applications and construction permits for the planned modifications, which are estimated to cost $500,000. Green Oasis said the modifications, which include a larger distillation column, reflux pumps, a larger thermal oxidizer and additional heat exchanger tubes, haven't been scheduled due to its current capital position. In an April press release, the company said it temporarily suspended operations at the Charleston plant, due to low rack prices for diesel fuel and capacity limits. The company holds a 49% interest in the plant, and is the general partner of GOE Plant Partnership I L.P., which owns the processing plant. GOE Plant is a partnership Green Oasis formed to hold its EnviroEconomics processing unit and ancillary equipment. Green Oasis produces marketable fuels from waste oils, and makes equipment.