Houston American Energy’s $8.5 million acquisition of the 25-acre Cedar Port site represents a significant strategic pivot for the company. This property purchase signals HUSA’s deliberate diversification from traditional oil and gas operations into the emerging circular economy through plastics recycling via pyrolysis technology.
Oil prices extended Monday’s losses into early Tuesday trade in Asia as President Trump’s threat to sanction Russian supply in 50 days if Putin continues to resist a peace deal in Ukraine eased concerns about an immediate impact on Moscow’s oil exports.
Curious Minds Corner
How long is the “cooking time” for nature to create oil and gas?
It’s a slow geological process taking tens to hundreds of millions of years under specific underground conditions.