Global Resource Corporation Unveils Clean Coal Gasification Process
July 02 2007 - 12:07PM
PR Newswire (US)
No Carbon Monoxide (CO) or Carbon Dioxide (CO2) WEST BERLIN, N.J.,
July 2 /PRNewswire-FirstCall/ -- Global Resource Corporation
(OTC:GBRC), announced that it has commenced a second round of
testing on coal using its patent pending technology. The reason for
the second round of tests is to substantiate original results.
During initial testing, GRC's lab technicians discovered only a
miniscule CO or CO2 amount analyzed by their gas chromatograph/mass
spectrometry equipment that was directly related to the oxygen
naturally inherent to the bituminous coal samples tested. If
further testing confirms the results, GRC could very well be the
first company to gasify coal without contributing a major
greenhouse negative effect by not using oxygen in the gasification
process. The results of the first round of tests indicated that
methane, other hydrocarbon gases, liquids in the diesel-heating
range, and hydrogen were extracted from the bituminous coal. After
processing, what is left behind are activated carbon and coke as a
residue. All of the products have real market value. "The potential
of this development is staggering. It could contribute to energy
independence for the U.S. derived from a fuel source in its own
backyard," according to Frank Pringle, CEO of Global Resource
Corporation. According to the Energy Information Administration
(1995), it is estimated that the United States has enough coal to
last 250 years. GRC is currently working with professors from Penn
State and West Virginia Universities, both of which include coal
engineering and chemistry classes in their curricula. Rich Hancock
of Market News First will interview Hawk Hogan, GRC's Chief
Engineer, from 1:30 p.m. to 1:45 p.m. on Monday, July 2nd covering
this story. There will be a three-minute video posted on GRC's
website on http://www.globalresourcecorp.com/coal-video.htm showing
the experiment on bituminous coal. From the video clip, the viewer
will be able to see the coal beginning to gasify 30 seconds into
the experiment. 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 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
DATASOURCE: Global Resource Corporation CONTACT: Frank Pringle, CEO
of Global Resource Corporation, +1-856-767-5661, ; or 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/coal-video.htm
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