Olenox Industries Inc. (NASDAQ: OLOX) Moves to Recommission 162-Mile Pipeline as NGL and Dry Gas Asset

• The project aligns with Olenox’s broader rebrand and shift toward energy-focused support and service technology operations.
• The pipeline is expected to produce both natural gas liquids (“NGLs”) and dry gas.
• NGLs are positioned as a higher-value output sold into midstream blending markets.
• Dry gas sales may also support on-site power generation through containerized systems.

Olenox Industries (NASDAQ: OLOX) has taken another concrete step in repositioning itself as an energy-centered company, announcing that it has begun the process of recommissioning a 162-mile pipeline to operate as a wet gas system. The pipeline, once back in service, is expected to produce both natural gas liquids (“NGLs”) and dry natural gas, expanding the company’s revenue base beyond upstream production alone (https://nnw.fm/JwfE4).

The recommissioning effort begins with a new pipeline survey, which is currently under way and expected to conclude by mid-February. Completion of the survey is a prerequisite for Olenox to apply for reinstatement of the pipeline’s operating license. Once approved, the company plans to bring the system back online and begin commercial operations.

Unlike a dry gas-only pipeline, a wet gas system allows Olenox to extract NGLs such as ethane, propane, and butane. These products typically command higher margins than dry gas and are widely used in blending lower-grade crude and in petrochemical feedstocks across midstream markets. Olenox has indicated that NGLs will be sold into these established channels, while dry gas will be marketed through open contracts.

In addition to external sales, Olenox plans to use surplus dry gas as feedstock for its containerized generator sets. These systems are designed to produce both base-load and peak power for delivery into the grid. Linking pipeline output to on-site power generation can create a vertically integrated energy loop that can adapt to market conditions.

Management has said that, once fully operational, the pipeline is projected to generate significant annual revenue based on its current sales pipeline. Over time, Olenox expects to expand that contribution by increasing NGL output and scaling power generation capacity. 

The recommissioning initiative comes amid a broader corporate transition. Olenox Industries, formerly Safe & Green Holdings Corp., recently completed a comprehensive rebranding to reflect what management describes as an already-evolved business model. Chief Executive Officer Michael McLaren has characterized the rebrand as an alignment exercise rather than a strategic pivot. 

Under the Olenox Industries banner, the company now spans energy development, oilfield services, industrial technology, and containerized infrastructure. The pipeline project fits squarely within this framework, linking midstream infrastructure with upstream production and downstream power applications.

Within this structure, energy operations occupy a central role. Olenox Corp operates three core divisions. The exploration and production unit focuses on underdeveloped or distressed oil and gas properties in Texas, Oklahoma, and Kansas, with an emphasis on improving output from existing wells rather than pursuing greenfield exploration.

Supporting this activity is an oilfield services division specializing in well abandonment and environmental reclamation. These services are designed to provide steady cash flow while also addressing regulatory and environmental obligations tied to legacy assets. A third division, Olenox Technologies, develops proprietary equipment such as plasma pulse and ultrasonic cleaning systems intended to restore productivity in underperforming wells.

Outside of energy production, Olenox continues to operate Giant Containers, a business founded in 2017 that designs and manufactures containerized systems for industrial and commercial use. These systems play a role in the company’s power generation plans, providing modular platforms that can be deployed near pipeline infrastructure or production sites. The company also operates Machfu Monitoring, which delivers Industrial Internet of Things solutions that connect field assets to enterprise systems through secure networks.

The pipeline recommissioning offers a clearer view of Olenox’s strategy to integrate assets across the energy value chain. Rather than relying solely on upstream production or standalone services, the company is positioning infrastructure such as pipelines and power systems as revenue-generating links between its operating units.

For more information, visit the company’s website at www.Olenox.com.

NOTE TO INVESTORS: The latest news and updates relating to OLOX are available in the company’s newsroom at https://nnw.fm/OLOX

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