Planet Resource Recovery (PK) (USOTC:PRRY)
Historical Stock Chart
From Jul 2019 to Jul 2024
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.