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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) 200 For Cleaning and Recovery of Oil from Oil Storage Tank Bottoms

02/08/2007 5:42pm

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™ 200 for cleaning and recovery of oil from oil storage tank bottoms. This new economical and expedient PetroLuxus™ solution is now available to tank remediators and cleanup specialists. During the production and transportation phases, crude oil is repeatedly transferred through vessels and pipelines. By nature, crude oil contains many undesirable components such as particulate matter, metals, paraffin, sediment, dirt, water and other materials. Throughout the transfer phase of crude oil, these undesirable materials fall out and collect at the bottom of storage tanks, “bottoms” and adhere to pipes and equipment. The accumulation of undesirable components is a costly proposition to producers and transporters in lost volume and cleanup that detracts millions of dollars per year from profits. Thousands upon thousands of storage tanks exist globally for the storage of oil. Current cleanup methods require inordinate amounts of manpower, equipment and any of the numerous cleanup chemicals available. Once a vessel is cleaned, attempts to recover oil entrained in tank bottoms are minimal, resulting in a hazardous waste requiring costly disposal in landfills increasing environmental impact. The PetroLuxus™ solution provides many economical and environmental advantages. Unlike traditional cleanup methods, the PetroLuxus™ 200 treatment cleans the tank bottoms with its surfactant-like qualities, but more importantly, allows for a greater recovery of oil from containments due to separation by specific gravity. Oil recovered from containments can be refined minimizing loss, while simultaneously greatly reducing environmental impact through lowered disposal of hazardous waste. The PetroLuxus™ 200 treatment requires less manpower and equipment, minimizing costs. For more information visit http://www.planetresource.net/index-25.html. 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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