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PRRY Planet Resource Recovery Inc (PK)

0.0002
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Planet Resource Recovery Inc (PK) USOTC:PRRY OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0002 0.0002 0.004 0.00 01:00:00

Planet Resource Recovery, Inc. Introduces PetroLuxus(TM) 500 - a New Aqueous Emulsion Breaking Solution for the Oil & Gas Indust

04/04/2007 2:02pm

Business Wire


Planet Resource Recovery (PK) (USOTC:PRRY)
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Planet Resource Recovery, Inc. (Pink Sheets:PRRY), developer, manufacturer and marketer of the PetroLuxus™ family of products, is pleased to introduce PetroLuxus™ 500 - a new aqueous emulsion breaking product for the oil & gas sector. PetroLuxus™ 500 is available for a wide range of hydrocarbon emulsion breaking applications throughout the full stream of crude oil production phases of drilling, operations, refining and storage. PetroLuxus™ 500 is a specially blended aqueous chemical solution developed for the treatment of hydrocarbon emulsions. When introduced into an emulsion, PetroLuxus™ 500 disperses rapidly while eliminating the interfacial surface tension between oil and other materials such as water, metals, dirt, sediments, and other contaminants. The product works rapidly, usually within several hours, to effect separation of hydrocarbon emulsion components resulting in a stratification of materials by specific gravity. Stratification of the emulsion components by specific gravity provides an efficient method for the remediation and recovery of the components. PetroLuxus™ 500 is non-hazardous, non-flammable and biodegradable. The Company has performed extensive tests in the lab and field with emulsions of oil based drilling mud, waste oil, bio-diesel feed stock with definitive results in separation of hydrocarbons, water and particulates. PetroLuxus™ 500 offers the opportunity to recover hydrocarbons and reduce former waste to non-hazardous, disposable or saleable materials. Hydrocarbon emulsion breaking is one of the most complex and situational aspects of oil chemistry. The oil & gas industry spends hundreds of millions of dollars every year in preventing or breaking emulsions. The Petroleum industry considers emulsions a real issue due to the enormous costs associated when dealing with emulsions. Common components of an emulsion in oil production consist of crude, water, formation fines, dirt, clay, drilling muds, cuttings, scale solids, etc., which escalate cost due to increased foaming, higher power consumption, increased volume and viscosity, and corrosion of pipelines, tanks and equipment. Additionally, disposal of unbreakable hydrocarbon emulsions result in costly fees for transportation and disposal at off-site hazardous waste sites or hazardous waste management solutions. PetroLuxus™ 500 offers environmentally friendly solutions to a costly issue for the petroleum industry. PetroLuxus™ 500 can be utilized to break emulsions at all phases of crude oil production. During the drilling phase PetroLuxus™ 500 can be utilized to remediate drilling fluids/muds, tailings and sludge pits. Operational phase can utilize the product to break emulsions at the wellhead, reduce water and particulates, and decrease viscosity in Heavy oil. Emulsions created in the refining phase can be broken to maximize raw feedstock and processing final product. Storage facilities can utilize PetroLuxus™ 500 for the cleaning and maintenance of tank batteries for optimal efficiencies. About Planet Resource Recovery, Inc Planet Resource Recovery, Inc. is an innovative PetroChemical/Oil Services company that has developed a proprietary, environmentally-friendly chemical that dislodges hydrocarbons in practically all-natural and man-made environments. The company’s flagship product, PetroLuxus™, and its derivative product lines have a strong affinity and rapid dispersement qualities to break hydrocarbon chains on a molecular level for cost-effective remediation and recovery of petroleum products. The company’s prospective markets for remediation and recovery include: oil tank farm cleaning, marine ship cleaning, oil sludge pits, contaminated soil/oil spills, biodiesel, waste oil segregation, heavy oil, tar sands, and Enhanced Oil Recovery, to name a few. Planet Resource Recovery’s pilot manufacturing plant is fully operational with PetroLuxus™ ready for commercialization. For an audio/visual demonstration of PetroLuxus™, click on the link below. http://www.planetresource.net/test76u31b.htm For more information please visit 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.

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