Global Resource Corp. Receives First-Stage Order for Arizona Tire Recycling Plant That Will Use its Fuel-Recovery Machinery
November 08 2007 - 8:07AM
PR Newswire (US)
Major Project to Produce Gas, Oil, Steel and Carbon Black from
Shredded Tires in the Company's Emission-Free Process WEST BERLIN,
N.J., Nov. 8 /PRNewswire-FirstCall/ -- Global Resource Corp. (Pink
Sheets: GBRC.PK), a developer of a patent-pending microwave
technology and machinery for extracting oil and gas, announced
today that it has received a purchase order from ECO Energy to
draft site specifications for a tire recycling plant, based in
Mobile, AZ, that will use the company's revolutionary microwave
machinery to recover fuel and other products from the tires.
Placentia, Ca.-based ECO Energy said the plant will convert 300
tons of tires per day into gas, oil, steel and carbon black. The
company reported that the tires are being supplied under agreements
from the States of California, Arizona and New Mexico. Furthermore,
it already has agreements to purchase the fuel and other products,
which are reusable, of commercial value and in demand by industry.
ECO Energy is a joint venture of Placentia, CA- based Huntington
Renewable Energy and Maricopa, AZ-based Envirotech Industries
International. Global Chairman Frank Pringle explained that the
order is the initial phase of this project, which will be the
company's largest project so far, incorporating two, or possibly
three, of the company's Hawk-10 machines, which sell for about $5
million each. "By recycling tires to produce marketable energy and
other by-products, this plant will show the world that Global
Resource's technology is both cost- effective and environmentally
friendly. Not only will the plant rid these states of toxic old
tires in an emissions-free process, but it will generate the fuel
to run the plant and produce a profit as well from the sale of the
fuel and other byproducts," said Pringle. "Our technology," added
Pringle, "has the capability of eventually making the United States
energy independent." Time Magazine this week named the company's
microwave technology as one of the "Best Inventions of the Year."
In its annual round up of "Best Inventions of the Year," Time
selected 46 inventions in 12 categories, from Cars & Buses to
Health. Global Resource's microwave technology is listed in the
environment category. Pringle also noted that in a report made in
June that was released July 17, the U.S. Department of Energy
profiled Global Resource and its microwave technology for oil shale
recovery as a resource for making the U.S. energy independent.
Being selected as one of only twenty-seven companies, some of them
in the Fortune 100, further validates Global Resource's
capabilities for energy recovery. About Global Resource Corp.
Global Resource Corp., (OTC:GBRC.PK), is a developer of a
patent-pending microwave technology and machinery that extracts oil
and petroleum products from shale deposits, tar sands, capped oil
wells, 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 see:
http://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. PR/Media Relations Contact: Richard Stern Stern
& Co. Tel: 212-888-0044 Jeff Andrews CFO Global Resource
Corporation Bloomfield Business Park 408 Bloomfield Dr. Unit 3 West
Berlin , NJ 08091 Main: 856-767-5661 Investors, Arun Chakraborty,
Stern & Co. 212 888 0044 DATASOURCE: Global Resource Corp.
CONTACT: PR-Media Relations: Richard Stern of Stern & Co.,
+1-212-888-0044, , for Global Resource Corp.; or Jeff Andrews, CFO
of Global Resource Corporation, +1-856-767-5661, ; Investors: Arun
Chakraborty of Stern & Co., +1-212-888-0044, , for Global
Resource Corp. Web site: http://www.globalresourcecorp.com/
Copyright