U.S. Department of Energy Web Site Features Report Citing Global Resource Corp.'s Alternative Energy Technology
24 Juillet 2007 - 4:53PM
PR Newswire (US)
Company's environmentally friendly gasification process could
potentially unlock oil hidden in U.S. natural resources, and is
included among leading unconventional fuel production technologies
WEST BERLIN, N.J., July 24 /PRNewswire-FirstCall/ -- Global
Resource Corporation (OTC:GBRC.PK) (BULLETIN BOARD: GBRC.PK) today
announced that a United States Department of Energy report that
recognizes the company's unconventional fuel technology is now
available for download via the U.S. DOE Web site, at
http://fossil.energy.gov/programs/reserves/npr/Secure_Fuels_from_Domestic_
Resources_-_P.pdf . (Due to length of URL, please cut and paste
into browser.) The report, issued June 20th, includes a profile on
Global Resource Corp. and its patent-pending gasification
technology. The technology could one day unearth billions of
barrels of energy from U.S. oil shale, tar sands, coal, and other
deposits, resulting in a new cleaner, source of domestic energy.
"Since the DOE released its report, interest in our technology has
increased, and we've had the opportunity to showcase its
capabilities to businesses leading the way in finding alternative
energy solutions," says Frank Pringle, CEO of Global Resource
Corporation. "We are honored to be counted among the leading
petrochemical companies who are committed to solving the global
energy crisis. This group identified by the DOE are Giants in the
industry, and we are honored to be mentioned with them by the DOE.
It appears that our technology has started to be recognized after
many years of experimentations." Global Resource's technology
gasifies hydrocarbons-the chemical foundation of oil and gas
products-locked in oil shale, tar sands, and other natural
resources. However, unlike other petroleum production processes,
Global Resource's technology doesn't introduce oxygen, reducing
carbon monoxide and carbon dioxide emissions. Rather, the process
breaks down existing domestic energy sources and produces methane,
diesel fuel, and heating oil in vast quantities in a closed-loop
vacuum, eliminating harmful pollutants. DOE representatives have
reviewed Global Resource's process in-person at the company's test
facility in southern New Jersey. DOE experts witnessed tests
performed in Global Resource's emissions-free laboratory unit, and
analyzed tests preformed on various petrochemical byproducts. The
technology applies high frequency microwaves to shale, tar sands,
residual oil, coal, and other resources, to heat and gasify
hydrocarbons. The closed-loop system condenses the gases, and
creates fuel-grade gas and oil. A cutting-edge gas chromatograph
analyzes the oil and gases to evaluate what fuels have been derived
in the process. Global Resource's patent-pending technology has
been proven in laboratory conditions, and the process is designed
as a cost- and energy-efficient system. Representatives from major
energy companies and emerging energy sectors have visited Global
Resource on multiple occasions and have demonstrated faith in the
viability of the technology. When commercialized and built on a
larger scale, Global Resource's technology will potentially produce
oil and multiple gases with minimal refining, energy input,
emissions and cost. 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 Investor Contact: Jeff Andrews
CFO 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, Frank Pringle, CEO, , or Investors, Jeff Andrews,
CFO, , +1-856-767-5661, both of Global Resource Corporation, or
Press, Matt McLoughlin, Senior Account Executive of Gregory FCA,
+1-610-642-8253, ext. 129, mobile, +1-610-996-4264, , for Global
Resource Corporation Web site:
http://www.globalresourcecorp.com/Recent%20Press.html
http://www.globalresourcecorp.com/ http://tinyurl.com/2dybye
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