In Canada, Provectus Biofuels Inc. has signed a Letter of Intent with SOS Engineering Ltd. to collaborate on the execution of the front-end engineering and design phase of the DobroJet renewable jet fuel project. The LOI outlines the planned provision of services beyond the currently approved scope of the existing engineering services agreement.
The LOI will allow the parties to expand the scope of work to include specific services and deliverables required during the FEED phase and leading into construction and commissioning.
SOS will act as Owner’s Engineer to Provectus through the following stages:
· Stage 1: Pre-FEED
· Stage 2: FEED Owners Engineer Oversight and Technical Execution
· Stage 3: FID Preparation and Capital Readiness
· Stage 4: Construction & Commissioning Preparation
The specific scope of work, compensation, and deliverables related to the above phases shall be defined in future work orders or supplemental agreements to the existing ESA if required.