Sky Quarry Enters Production Phase at Nevada's Only Refinery
Sky Quarry Inc. (NASDAQ:SKYQ) entered the production phase at its Nevada refinery with approximately 10,000 barrels of inventory on-site and more than 100,000 barrels of storage capacity, according to an operational update from Interim Chief Executive Officer Marcus Laun on June 22.
Sky Quarry Inc. (NASDAQ:SKYQ) entered the production phase at its Nevada refinery with approximately 10,000 barrels of inventory on-site and more than 100,000 barrels of storage capacity, Interim Chief Executive Officer Marcus Laun said in an operational update June 22.
The Woods Cross, Utah-based energy infrastructure company operates Nevada's only refinery. The transition from development to production marks the first revenue-generating operations at the facility, though Sky Quarry did not disclose a run-rate, target utilization level, or output mix. The company's initial inventory of 10,000 barrels represents roughly 10 percent of its stated storage capacity.
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