|By Marketwired .||
|August 7, 2014 01:00 PM EDT||
HOUSTON, TX -- (Marketwired) -- 08/07/14 -- Planet Resource Recovery, Inc. (PINKSHEETS: PRRY) is pleased to announce that its PetroLuxus HC (Heavy Crude) and methodology has shown to be highly effective when used to remediate weathered Mexican Oil Sludge, based on results from Independent Laboratory Tests. These Independent Laboratory results show that using the Planet Resource methodology along with PetroLuxus HC can convert Environmental toxic oil sludge into a recoverable, marketable commodity.
A Mexican entity, with long standing relations and concessions in the Oil & Gas industry in Mexico, provided Planet Resource raw samples of weathered Mexican crude from an open pit in Central Mexico. The weathered crude consisted of a mixture of crude oil, water, solids, H2S and other organic compounds. The overall breakdown of the samples consisted of 70% crude, 20% solids and 10% water.
Planet Resource applied its technology to the weathered crude samples. After the treatment was applied, over 98% of the crude oil was recovered, H2S mitigated and the entrained solids and water were displaced in the sample. The API Gravity of the crude substantially increased going from 9 API to 26 API Gravity. The BS&W (Basic Sediment and Water) in the raw sample was approximately 30%. After treatment the BS&W was significantly reduced to under 1%. With the improvement in quality of crude oil after treatment it is estimated the value of the crude is $100 per barrel.
Enrique Salinas, President & CEO of Planet Resource Recovery, commented, "Our technology opens the door to the Environmental cleanup and crude oil recovery from the thousands of weathered oil sludge pits that litter the globe in oil producing countries. Not only can this technology clean up environmental mess but can be extremely lucrative from the revenue stream of recovered oil. We look forward to deploying this technology around the world."
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is the developer, manufacturer and marketer of the PetroLuxus Technology Platform which currently include the NSF/ANSI Standard 60 Certified PetroLuxus family of products for the Oil & Gas industry and AquaLuxus for the water industry. For more information visit: www.planetresource.net.
Safe Harbor Statement
Under The Private Securities Litigation Reform Act of 1995: The statements in this presentation that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company's Annual Report for the year ended December 31, 2011. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
Planet Resource Recovery, Inc.
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