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 announce that the company’s
R&D department has successfully treated and reduced barium contaminants
from water to acceptable environmental levels. This successful treatment
of contaminated water opens a new door for the company’s
products in the multi-billion dollar water remediation and reclamation
industry.
Planet Resource Recovery, Inc. has been dedicated to the treatment of
hydrocarbons and oil for recovery in applications including: oil well
treatment and stimulation, environmental remediation, waste oil
treatment, tank bottom cleaning, emulsion breaking and general
applications requiring cost-effective, environmentally friendly methods
of breaking hydrocarbon bonds from other materials for enhancement and
recovery.
Recognizing the growing demand from the oil & gas industry for the
treatment of waste water streams associated in oil production due to
increasing environmental standards, Planet Resource devoted its R&D
resources to develop a water treatment product that targets the
isolation and separation of oil, heavy metals and other undesirable
adulterates from water. Utilizing the same concepts in the development
of PetroLuxus™ that separate water, heavy
metals and other solids from oil by initiation of an ionic exchange
mechanism on a nano scale to penetrate even the smallest particle, this
new water base product is designed to remove entrained oil, suspended
metals and other adulterates from water.
Planet Resource began the development of a water treatment product at
the request of an international oil company burdened with the handling
and treatment of barium ladened water during its oil production. This
prospective client is faced with having to treat in excess of 60,000
barrels per day of barium contaminated waste water. Multiple independent
tests have confirmed that the new product dramatically reduces the
barium level in water from over 46 ppm to less than 5 ppm. Treatment
with this new product is simple, requires no heat, can be applied in
current processes resulting in flocculated barium for simple separation.
Current chemical treatment processes are limited and can only
effectively reduce the barium level by fifty percent.
The company’s R&D resources will continue to
study, test and development other cost-effective,
environmentally-friendly products for the treatment contaminants in
water waste streams. Current testing includes the treatment for heavy
metals such as chromium, titanium, sodium, chlorides, arsenic, mercury
and other harmful and toxic adulterates.
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is a holding company spearheaded by its
Petrochemical manufacturing unit that has developed PetroLuxus™,
a proprietary environmentally friendly chemical compound that dislodges
oil in practically all natural and man-made environments. The PetroLuxus™
family of products is an effective and efficient solution for the
remediation and recovery of petroleum-based products. PetroLuxus™
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™
products. RADA Technologies, Inc. engineers new mechanical processing
equipment proprietary to PetroLuxus™ products
while simultaneously providing fuel inventory management services
reducing loss to increase gain for its customers. Oil Recovery Ventures,
Inc. deploys PetroLuxus™ through joint
ventures in the Enhanced Oil Recovery market.
For an audio/visual demonstration of PetroLuxus™,
click on the link 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.