MOP Environmental Solutions Obtains Vendor Status From Major Oil Company

by Zagros on August 12, 2020

Marketwire    ”Press Releases ”
BATH, NH — (MARKET WIRE) — 08/12/10 -
MOP Environmental Solutions, Inc. (PINKSHEETS: MOPN) is pleased to announce that on August 9, 2020, one of the world’s largest oil companies, whose name we are unable to disclose without violation of their press release disclosure terms, has accepted MOP Environmental Solutions, as a vendor, with issuance of vendor number, internal contact hot line, and the confirmation of its vendor status.

Mr. Charles Diamond, MOP Environmental President and CEO states, “Achieving vendor status with one of the world’s largest oil companies was difficult to attain, and a major accomplishment that carries with it, significant long term growth benefits.”

“With Bibby Financial Services as our collaborating financial partner we have begun to re-train our sales staff to educate them regarding the offering of better terms to capture large orders from large customer accounts. Our new financial partner, Bibby Financial Services has deep pockets that can really make a difference when going after those larger accounts. We can now take on any size contract since it is unlikely we will outgrow Bibby!” stated Diamond.

CEO Diamond states, “With our confirmed Official Vendor Status with one of the world’s largest oil companies that just occurred on August 9th, together with the assurance from our financial partner Bibby Financial Services, we are prepared to service our new accounts in order sizes and order frequencies that without Bibby would be outside the financial scope of MOP Environmental Solutions. We are grateful to Bibby Financial for their exceptional support.”

Diamond further states, “Just one facet of anticipated orders are oil cargo vessel spill kits. U.S. Federal Regulation (33CFR Part 155) requires all oil carrying vessels in U.S. waters to have oil spill clean up equipment on board for on-deck spills adequate for a minimum of 7 to 12 barrels of spilled oil. The price of each spill kit ranges from $3,000 to $6,000 to satisfy the minimum requirement per vessel. MOP Environmental’s competitively priced oil cargo spill kits offer far superior performance at a lower competitive price to meet the demands of the U.S. Government mandated vessel spill kits. There are currently 3,858 U.S. coastal oil drilling platforms serviced by a far larger number of feeder oil cargo ships and oil tankers subject to this mandated U.S. Government requirement. Working with Bibby Financial Services helps us to capture the business of very large companies since we are able to satisfy their most preferred 60 day payment terms at a low financial cost without any delay in our payment.”

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