First Commercially Viable Microwave Technology For Conversion Of Scrap Tires Into High Value Hydrocarbons
May 5, 2009
Global Resource Corp. (Other OTC:
The demonstration, conducted on May 4, 2009 in Global Resource's Rockford, IL research facility, successfully transformed large amounts of scrap tires into diesel fuel, methane, pentane, butane, propane as well as combustible gases, and carbon ash. Patriot-1's technology can process other materials for the purpose of unlocking energy including; shale rock, tar sands, bituminous coal, heavy oil as well as the environmental hazards associated with municipal waste, tanker sludge, waste oil and dredged materials. Global Resource recently signed a joint development agreement with a large oilfield services company for the utilization of the technology with heavy oil.
"The ultimate goal is for this technology to make such a significant contribution that it motivates the world's business and political leaders to embrace it as the de facto standard for processing waste materials," says Mr. Eric Swain, Chairman and Chief Executive Officer of Global Resource Corp.
To address the economic viability for waste treatment, the technology will maintain an energy efficiency of 1:50, a ratio at which a wide range of materials become commercially viable to convert to energy regardless of commodity costs.
"The Patriot-1 establishes a new standard for waste management and alternative energy development by placing the efficient processing of hydrocarbons within the grasp of a range of industries," says Swain. "The recycling of tires is important for the health and environment of America and is the first step in utilizing our microwave technology to derive energy from waste."
The Patriot-1 represents substantial years of research and development to realize the promise of microwave technology. With the research and development phase for converting tires to energy successfully completed, Global Resource has now begun the commercialization of the technology.
"Our teams in Rockford and Mount Laurel, NJ have worked tirelessly to unlock the potential of this technology. Our demonstration today is a tribute to our team's vision and ability to develop and commercialize a solution that has the ability to revolutionize the recycling and waste-to-energy sectors."
Swain concluded, "Waste materials like tires represent significant hazards to our environment. The Patriot-1 ushers in a new era that provides our nation with additional eco-friendly sources of domestic energy, while making our environment cleaner today. It serves as a classic case study in how industry can and will create and deploy solutions that are both green and profitable, and create new jobs for our nation's workforce. Our technology is good for our country's environmental health, as well as the financial health of our shareholders and clients."
For more information on Patriot-1 and Global Resource's technology, visit: www.GlobalResourceCorp.com
About Global Resource Corp.
Global Resource Corp. (Other OTC: GBRC) is a developer of a patent-pending microwave technology and machinery that extracts oil and petroleum products from shale deposits, tar sands, bituminous coal and processed materials such as tires and plastics as well as dredged soil from harbors and river bottoms.
Its process produces significantly greater yields and lower costs than are available using existing technologies. Because the process takes place in an enclosed environment it is emission-free and an efficient and cost-effective tool for cleaning environmental wastes and toxic materials.
For more information visit: www.globalresourcecorp.com
Forward-Looking Statements:
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.
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