Sky Quarry signs non-binding LOI with E2 Lab Services to advance PR Spring facility completion
SKYQ•Sky Quarry signed a non-binding letter of intent with E2 Lab Services to support completion and commissioning of its Utah facility. The facility has planned capacity of about 2,000 barrels per day, and more than $60 million has been invested in it.
1. LOI outlines support
Sky Quarry signed a non-binding letter of intent with E2 Lab Services to advance completion and commissioning of its PR Spring facility in Utah. E2 would support engineering and startup preparations, targeting an initial execution plan within approximately 30 days of receiving necessary information and site access.
2. Facility details
More than $60 million has been invested in PR Spring, where substantially all operating infrastructure is installed. The facility has planned production capacity of approximately 2,000 barrels per day, and its leases contain an estimated 184 million barrels of discovered resources. A planned retrofit would enable recovery from oil sands and waste asphalt shingles, with recovered oil destined for Sky Quarry’s Foreland Refinery.
