Canadian Oil Recovery & Remediation Enterprises, Ltd. (TSX-V: CVR) (CORRE) has achieved another significant milestone in building a strong foundation for the company's long term plans. The company entered a binding agreement with TG Engineering Inc. (TGE). The agreements provides for the creation of a new company in Canada, named CORRE-TG Inc., with equal partnership by both CORRE and TGE. The CORRE-TG joint venture will provide services including gas compression processing and treating, oil and water processing, liquids handling, power and cogeneration, utility systems facilities and LPG recovery.
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About CORRE
CORRE is a Canadian company that utilizes its proprietary Advanced Recovery Equipment Systems ("ARES") program for oil recovery and remediation. As part of ARES, CORRE owns exclusive licenses to use innovative technologies and processes for oil recovery, sludge and drill cuttings treatment and remediation of oil-contaminated sites.
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