Global Resource Corporation Announces Results of 'Plastics-To-Energy' Conversion
09 Juillet 2007 - 2:55PM
PR Newswire (US)
Company's chief engineer presents conversion ratio of recyclable
materials into energy at Recycling Today's Plastics Recycling
Conference in Orlando WEST BERLIN, N.J., July 9
/PRNewswire-FirstCall/ -- Global Resource Corporation (OTC:GBRC),
announced the results from tests proving that the Company's energy
conversion process can produce oil and vast amounts of combustible
gas from recycled plastics. Global Resource's chief engineer, Hawk
Hogan, revealed the results, from tests performed in the Company's
laboratory, during Recycling Today Magazine's 'Plastics Recycling
Conference' in Orlando. Mr. Hogan introduced the world's most
efficient and high-yield plastics-to-energy conversion process,
designed by Global Resource, to representatives of global recycling
companies. With minimal energy input, energy conversion machines
operate at capacities of 5, 10 or 20 tons of material per hour. The
process generates energy from plastics or rubber, and can produce
up to 18 times the energy that is used to fuel the machine. For
instance, a 10 ton per hour unit operates on 950,000 btu per hour,
and the process can generate on average of 17,300,000 btu per hour
output. "We have found a technology that will revolutionize the way
recycling and scrap yards process materials," says Frank Pringle,
CEO of Global Resource Corporation. "Mr. Hogan's presentation in
Orlando opened a lot of eyes to a new technology, and we are
fielding requests for more information on our technology every day
from the recycling and waste communities." Using Global Resource's
technology, scrappers and recyclers can convert plastics and rubber
into oil and combustible gas. By doing so, they can reduce the
amount of waste sent to landfills by up to 65%, generate enough
energy to run their own operations, separate and scrap more metal
for profit, and generate enough energy to sell to outside
interests. Global Resource announced the first commercial
application of its technology with the sale of the first HAWK 10
unit in May, which will convert automobile plastics and rubber for
a Long Island, NY recycler, one of the largest in the world. Global
Resource has repeatedly proven that their technology can convert
vast amounts of energy from unconventional sources, including
plastics, coal, oil shale, tar sands, heavy oil, and dredge. Using
high frequency microwaves, lab results have shown that minimal
energy is required to free hydrocarbons, the building blocks for
oil and gas, condense the energy derived, and use the resulting oil
and combustible gas. This process has been recognized by the
Department of Energy as one that can potentially allow the United
States to rely on its own energy deposits and eliminate the
nation's dependence on foreign oil. ABOUT Global Resource Corp.
Global Resource Corp. has a patent pending process that allows for
removal of oil and alternative petroleum products at very low cost
from various resources, including shale deposits, tar sands, waste
oil streams and bituminous coal with significantly greater yields
and lower costs than are available utilizing existing known
technologies. The process uses specific frequencies of microwave
radiation to extract oils and alternative petroleum products from
secondary raw materials, and is expected to dramatically reduce the
cost for oil and gas recovery from a variety of unconventional
hydrocarbon resources. GBRC's technology will not only be developed
to extract oil from shale, but from depleted oil fields in the US
and elsewhere, many of which still contain more than half of the
hydrocarbons originally in these fields, because the residual
hydrocarbons are too viscous to extract with conventional
technology. This news release contains forward-looking statements
regarding Global Resource Corp's business strategies and future
plans of operations. Forward- looking statements involve known and
unknown risks and uncertainties. The forward-looking statements
contained in this news release speak only as of the date hereof and
Global Resource disclaims any obligation to provide public updates,
revisions or amendments to any forward-looking statements made
herein to reflect changes in Global Resource's expectations or
future events. Company contact: Frank Pringle CEO Global Resource
Corporation Bloomfield Business Park 408 Bloomfield Dr. Unit 3 West
Berlin , NJ 08091 Main: 856-767-5661 Press contact: Matt McLoughlin
Senior Account Executive Gregory FCA 27 West Athens Avenue Ardmore,
Pa. 19003 Main: 610.642.8253, ext. 129 Mobile: 610.996.4264 PRESS
RESOURCES Press contact(s): Matt McLoughlin. Press room:
http://www.globalresourcecorp.com/Recent%20Press.html Web site:
http://www.globalresourcecorp.com/ Google Finance:
http://tinyurl.com/2dybye DATASOURCE: Global Resource Corporation
CONTACT: Company contact, Frank Pringle, CEO of Global Resource
Corporation, +1-856-767-5661, ; or Press contact, Matt McLoughlin,
Senior Account Executive of Gregory FCA, +1-610-642-8253, ext. 129,
mobile, +1-610-996-4264, Web site:
http://www.globalresourcecorp.com/
http://www.globalresourcecorp.com/Recent%20Press.html
http://tinyurl.com/2dybye
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