In a regulatory filing, Petron said the Securities and Exchange Commission approved an amendment to the company’s articles of incorporation that will allow it to construct and operate a coco-methyl ester plant and secure relevant permits for the project.
The company said the amendment will allow it to “acquire, store, hold, transport, use, experiment with, market, distribute, exchange, sell and otherwise dispose of, import, export, handle, trade, and generally deal in, refine, treat, reduce, distill, manufacture, produce, and smelt, as applicable, any and all kinds of petroleum and petroleum products, oil, gas and other volatile substances.”
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