Carbonics Capital Corp. (CICS.OB) Signs Agreement to Lease Montana Oilseed Plant
QualityStocks (October 30th, 2009) Writes:
Today, Carbonics Capital Corp. announced that Great Plains Oil & Exploration, LLC will lease the company’s oilseed crush plant in Culbertson, Montana. Great Plains will use the facility in further development of their oilseed production program. The announcement follows the execution of an agreement between the companies.
Culbertson consists of oilseed handling, storage and processing infrastructure, including mechanical crush and vegetable oil refining equipment. It has over two million gallons of crude vegetable oil storage, over one million bushels of oilseed storage, and over four thousand tons of meal storage. Additional infrastructure includes a rail siding, truck and rail scales, and major U.S. highway frontage.
The lease presents a lucrative opportunity for Carbonics to expand its business enterprise. In 2008, Culbertson was unable to renew its working capital line of credit, and was therefore unable to complete its purchase of delivered oilseed inventory. After several months of difficult work, and the
...Carbonics Capital Corp., ceo, crude vegetable oil storage, Culbertson, Culbertson facility, Great Plains Oil, Great Plains Oil & Exploration LLC, Investing Lessons, major U.S. highway frontage, Montana, North Dakota, Paul Miller, President and CEO, Sam Huttenbauer, Small & Micro Cap, United States, vegetable oil refining equipment


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