Contact Information: Company Contact: Enrique M. Salinas III Planet Resource Recovery, Inc. 281-996-5315 Media Contact: Rod Mitchell 281-350-5506
Planet Resource Recovery, Inc. Ships PetroLuxus(TM) Blend to Remediate Underground Storage Tank Under the Watchful Eye of the EPA
| Source: Planet Resource Recovery, Inc.
HOUSTON, TX--(Marketwire - February 26, 2009) - Planet Resource Recovery, Inc. (PLANET)
(PINKSHEETS : PRRY ), developer, manufacturer and marketer of the
PetroLuxus™ family of green technology products, announced today that
the company has shipped a proprietary-blend of PetroLuxus™ to an
environmental contractor for the remediation of toxic materials in an
underground storage tank. Preliminary on-site testing demonstrated that
PetroLuxus could break the bond of the toxic material with chemical
remediation in place of dangerous human entry into the tank. The pilot
on-site remediation contract is the result of a fact-finding trip to
Newark, New Jersey, by CEO Kurt Neubauer and Chief Science Officer, Michael
Smallwood several weeks ago.
In a joint effort with New Jersey Engineering firm, E2PM and a local
contractor, Michael Smallwood will supervise the introduction of PetroLuxus
for the removal of the toxic material. The underground storage tank is a
railroad tanker car that is currently buried in a Philadelphia suburb. The
vintage tanker car was buried approximately 40 years ago, and is filled
with a hydrocarbon sludge, comprised of asphalt, tar and used oil. The
presence of the old railcar storage vault did not come to the attention of
EPA Region III until five years ago, at which time they contracted for the
removal of all above ground contaminates. Supervisors and others with EPA
Region III will be on hand to monitor the extraction of the car and removal
and remediation of its contents.
The EPA learned about the unique remediation capabilities of PetroLuxus™
from E2PM Senior Project Manager, Robert Feller, who over recent months has
been extensively testing PetroLuxus™ for the remediation of contaminated
soil. As result of on-site field tests conducted by Michael Smallwood
during his recent visit, Feller was able to secure a contract for cleanup.
What makes PetroLuxus™ advantageous to those saddled with the cleanup of
contaminated underground storage tanks is the fact it is timesaving,
eliminates costly manpower expenses, as well as worker exposure.
CEO Kurt Neubauer stated about the pilot project, "We fully expect this
first project to clearly demonstrate to the EPA and other environmental
officials, that PetroLuxus™ is the most cost-effective resolve for the
cleanup of contaminated soil. There are many contaminated sites throughout
the east and northeast and we are hopeful that this will only be the first
of many to come."
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is the developer, manufacturer and marketer
of the PetroLuxus™ family of green technology products, a proprietary
environmentally friendly chemical compound that dislodges oil in
practically all natural and man-made environments. The PetroLuxus™
family of products are effective and efficient solutions 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. 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.