Planet Resource Recovery, Inc. Receives Positive Phase 1 Scientific Studies on PetroLuxus for Waterflood Application
HOUSTON, Sept. 29 /PRNewswire/ – Planet Resource Recovery, Inc. (Pink Sheets: PRRY) is pleased to announce that the company has received the initial results of PetroLuxus(TM) application to incremental oil recovery over typical waterflood recoveries. Crude oil interfacial tension was significantly reduced while incremental recovery above that of waterflood was encouraging at ~8%.
In April 2010, Planet Resource Recovery, Inc. retained Core Laboratories, Inc., a leading provider of proprietary and patented reservoir description, production enhancement and reservoir management services for the global petroleum industry, to test the effects of PetroLuxus on waterflood recovery using a Berea Sandstone core plug and 25 API crude oil.
The crude oil was exposed to the PetroLuxus-brine solution to determine the effect on interfacial tension (IFT). The oil-brine IFT initially measured ~22 dynes/cm and after exposure dropped to 0.46 dynes/cm. Testing continued by first saturating the Berea Sandstone core plug to simulate waterflood reservoir conditions and displaced with brine water to endpoint saturation. PetroLuxus at 5% by volume was then added to the brine solution and waterflood displacement continued. An ~8% additional increase in recovery was realized. It is anticipated that optimization of the PetroLuxus percentage and an increase in residence time will demonstrate higher oil recoveries.
Resulting from initial testing are a number of additional questions to consider to further our understanding of PetroLuxus and the promising potential effect on existing waterflood recoveries. Further Core Lab testing is underway to determine the many facets of PetroLuxus application to incremental waterflood oil recovery.
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is “Spearheading the Charge for the Maximum Economic Recovery of our Planet’s Resources through New-Age Technology and Products.” The company develops, manufactures, and markets products, processes and technologies based on scientific research and understanding of silicon and siloxane sciences to enhance the recovery of the planet’s resources including metals, minerals and hydrocarbons and to provide enhanced coatings resistant to metal corrosion. Our goal is to create new methodologies to optimize Oil & Gas production, maximize the harvesting of base and precious metals, the remediation of toxic heavy metal environmental contamination and the reduction or elimination of corrosion of metal through the use of proprietary with breakthrough technologies utilizing advanced science and chemistry to increase efficiencies, reduce costs, protect the environment and resources. Our vision is to develop new chemical compounds and related processes to maximize efficiencies in the Oil & Gas Industry, Mining Industry, Environmental Cleanup Industry and Corrosion Industry through environmentally-friendly, cost-effective and profitable platforms that are considered “disruptive technology” and will usher in new paradigm shifts in industry. Presently, the company is primarily focused on four distinct markets: 1) Oil & Gas Industry, 2) Remediation of industry toxic metals & byproducts, 3) Mining of base and precious metals and 4) Metal Corrosion Industry. The company has developed the proprietary compounds and is currently developing their related processes that will result in new technologies and methodologies for industry. For more information visit: www.planetresource.net.
About Inspar Robotic Technologies Inc., 42 patents and counting…
Inspar Robotic Technologies Inc. engineering acumen and technical expertise drives the company to continually adapt our technologies to ever-changing customer and project requirements. This includes providing custom-engineered solutions to a wide array of global industries and market segments. Inspar’s highly efficient and sophisticated robotic systems have proven extremely effective in such diverse applications as nuclear, coal-fired, and gas-fired power plants; chemical and petroleum processing facilities; mining sites, fossil fuel transmission lines and facilities; and public entities working on local, state, federal and international levels. The company is committed to making environmental and safety concerns an essential element of every project. The use of our robotic systems and applications virtually eliminate any requirement for personnel to work in potentially hazardous and confined spaces. Moreover, our systems facilitate the application of the industry’s most advanced pipeline remediation technologies and exceptional products utilizing renewable resources and ‘green’ technologies. These innovations, combined with Inspar’s engineering expertise and a capable crew of highly skilled alliance partners means that your project is successfully completed according to specifications, within an environment where the prevention of both environmental hazards and the safety of your employees are paramount. The Inspar’s Technical Team, is named inventors on 42 U.S. and foreign patents, and is dedicated to bringing value, innovation and inspiration to your organization. For more information visit: http://www.inspar.com/
“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, 2009, the Company’s Quarterly Report for the First quarter ended March 31, 2010. 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.
Contact: Planet Resource Recovery, Inc. Investor Relations: Jillian Young, 1-877-878-5333 firstname.lastname@example.org
SOURCE Planet Resource Recovery, Inc.