Opening and Closing Bell on Wall Street
Arabian American Development Company (NYSE-Listed ARSD) visits the NYSE to celebrate the company’s recent transfer to the NYSE on April 2, 2012. In honor of the occasion, Nick Carter, President and CEO, rings The Closing BellSM.
The expansion of new applications for the company’s products include clean tech., in which they produce the working fluid for closed loop Geothermal units as well as the partnership with Gevo, in which they have successfully built and put into service their first demonstration production unit as well as applications in both the extraction and processing in Canadian oil sands projects.
About Arabian American Development Company (NYSE: ARSD)
Arabian American Development Company owns and operates a petrochemical facility located in southeast Texas, just north of Beaumont, which specializes in high purity petrochemical solvents and other solvent type manufacturing. The Company is also the original developer and now a 37% owner of AMAK, a Saudi Arabian joint stock mining company with proven zinc, copper, gold and silver reserves of over $1.2 billion in addition to securing four additional mining leases which are expected to have similar mineral deposit composition from previous core drilling samples and increases land assets by over 500%.