Planet Resource Recovery (PK) (USOTC:PRRY)
Historical Stock Chart
From Jul 2019 to Jul 2024
Planet Resource Recovery, Inc. (PINK SHEETS: PRRY) is pleased to
announce the successful pre-treatment of flow back water originating in
the Barnett Shale of Central Texas. Building on successful testing
beginning in early 2008 to remove barium from contaminated produced
water from South America, Planet Resource has treated and successfully
removed heavy metals and other solids from flowback water, produced
water, and ground water runoff by initiation of an (EC)
electrocoagulation process used in conjunction with its proprietary
chemical solution, PetroLuxus(TM). Through the EC process PetroLuxus™
works on a nano scale to penetrate even the smallest particles removing
entrained oil, suspended metals and other adulterates from the
contaminated water. Once the pretreatment is completed, further
treatment by distillation, evaporation or mechanical means will result
in reclaiming the water for other uses.
Discovered in 1981, the Barnett Shale (field) encompasses five thousand
square miles, across 18 counties near Dallas / Ft. Worth, Texas. This is
one of the largest natural gas deposits in the United States. It boasts
plentiful gas reserves estimated at greater than 27 trillion cubic feet.
To extract the gas at volumes that are economical and efficient,
production companies must use the hydraulic fracturing process. The
process utilizes millions of gallons of water for each well. The process
greatly increases the permeability and the release of trapped gas
deposits. Of the water pumped into the wells approximately 80 percent of
the water returns to the surface. Historically, the recovered water is
discarded in disposal wells due to its saline and other contaminated
contents. The cost of current wastewater disposal processes is in excess
of $1.2 billion dollars per year to the industry. The gas industry, in
partnership with communities and regulatory agencies, has become more
aggressive about testing and employing measures to conserve and recycle
the water.
Industry, drilling companies, oil and gas producers, refineries, and
chemical plants produce millions of gallons of wastewater daily that is
contaminated with a variety of pollutants. Treatment and disposal costs
rank in the billions of dollars annually and often focus on disposal as
opposed to reclamation. The consequence is declining water supplies and
disposal issues.
Planet Resource Recovery’s Research and
Development team continue to study and test water treatment with a wide
variety of other contaminants including; chromium, titanium, sodium
chloride, arsenic, mercury, and other harmful or toxic adulterates. The
Company is working to develop clients for further testing and
application in other water treatment applications.
With this product development, Planet Resource Recovery continues its
commitment to develop products that provide solutions to better enhance
the recovery, reclamation, and productive value of oil and water
resources. Planet Resource Recovery is dedicated to development and
expansion of environmentally friendly products that can be partnered
with current processes to reduce waste and increase recovery of basic
resources. As the developer and producer of these innovative products,
Planet Resource Recovery is equally committed to find and promote
relationships with industry leaders to test and utilize the products in
areas where problems exist.
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is the developer, manufacturer and
marketer of the PetroLuxus(TM) family of products, a proprietary
environmentally friendly chemical compound that dislodges oil in
practically all natural and man-made environments. The PetroLuxus(TM)
family of products are effective and efficient solutions for the
remediation and recovery of petroleum-based products. PetroLuxus(TM)
applications include Enhanced Oil Recovery, Oil Sands, oil spills, oil
tank farm cleaning, marine ship cleaning, remediation of oil sludge
pits, treatment of raw fuel feedstocks, waste oil segregation and
biodiesel, to name a few. Through the acquisition and formation of
wholly owned subsidiaries, Planet Resource Recovery, Inc. deploys the
PetroLuxus(TM) products. Oil Recovery Ventures, Inc. deploys
PetroLuxus(TM) through joint ventures in the Enhanced Oil Recovery
market.
For an audio/visual demonstration of PetroLuxus(TM), go to: http://www.planetresource.net/index-21.html
For more information visit: http://www.planetresource.net
or http://www.petroluxus.com
Safe Harbor Statement
Certain statements in this release are "forward-looking" statements as
defined in the Private Securities Litigation Reform Act of 1995. Such
statements are subject to numerous risks and uncertainties. Actual
results may vary significantly from the results expressed or implied in
such statements. Factors that could cause actual results to materially
differ from forward-looking statements include, but are not limited to,
the Company's ability to meet the terms and conditions required to
obtain its project financing, risks and delays associated with product
development, risk of market acceptance of new products, risk of
technology or product obsolescence, competitive risks, reliance on
development partners and the need for additional capital.