Glenn McGinnis, CEO Arizona Clean Fuels Yuma, Joins Advisory Board - Planet Resource Recovery, Incorporated
June 24 2009 - 7:00AM
PR Newswire (US)
Industry leader brings international oil and gas refinery expertise
to Planet's PetroLuxus(TM) commercial expansion HOUSTON, June 24
/PRNewswire-FirstCall/ -- Planet Resource Recovery, Inc. (PLANET)
(Pink Sheets: PRRY), developer, manufacturer and marketer of the
PetroLuxus(TM) family of remediation and recovery technologies,
announced today that Glenn McGinnis, CEO of Arizona Clean Fuels
Yuma, has accepted a role on the company's advisory board.
Recognized as a global industry expert in areas of refinery design,
development and operations, McGinnis brings a wealth of knowledge
and international relationships to Planet. McGinnis and Planet's
Chief Science Officer, Michael Smallwood, had previously worked
together on a project for Valero Oil Company in Aruba. "I am
honored that someone of Glenn's stature has joined us in an
advisory role at Planet. I am personally excited that the
breakthrough technologies perfected by Michael Smallwood allows
these two great minds to be reunited", stated Rick Burton,
President of Planet. "For Glenn to lend his considerable
experience, advice and counsel at this stage of the Company's
growth, speaks volumes about our future. It is a significant step
forward as we direct our global focus on remediation and recovery
of tar sands and oil shale, given his preeminence in this sector of
the industry." McGinnis currently serves as Director and Senior
Advisor to the "Alberta's First Nations Energy Center", the group
developing refinery and carbon sequestration projects on behalf of
Indian tribes in Canada, (see
http://www.energy.gov.ab.ca/AbRel/639.asp). Originally from Canada,
McGinnis was recruited by the owners of Arizona Clean Fuels Yuma,
to spearhead their funding and development efforts requisite to
build the first new refinery in the United States in over 30 years.
This refinery and pipeline project, estimated at $4 billion has
received an Air Operating Permit from the state of Arizona and
legal authority to develop the pipeline project in Mexico. (see
http://www.arizonacleanfuels.com/press.htm). About Glenn McGinnis:
Glenn McGinnis holds a Bachelor's degree in Chemical Engineering
from McMaster University in Hamilton, Canada, and a Masters of
Chemical Engineering degree from the University of Alberta in
Edmonton Canada. From 1972 to 1995, he worked for Imperial Oil
Limited, an affiliate of Exxon Corporation, in Canada. During this
period, he served in various positions in both upstream and
downstream divisions including three Refinery Manager positions,
Manager of Planning in Downstream and Corporate divisions, Manager
of Refining Services including all engineering, construction,
safety and environmental services for the Downstream Division. He
also served as a Design Supervisor with Exxon Research and
Engineering Company and Manager of Supply Coordination for Exxon
Company International. In 1995, he joined TransAmerican Refining
Company (subsequently Orion Refining Corporation) in Norco
Louisiana as Vice President-Manufacturing and subsequently as Chief
Executive Officer. This company developed and executed a refinery
refurbishment and expansion project for a 160,000 barrel per day
refinery costing in excess of $1 billion. During 2002, he served as
Vice-President Operations for Aux Sable Liquids Limited, a major
gas liquids recovery and fractionation facility associated with the
Alliance Pipeline and situated near Morris Illinois. During 2003,
Glenn served as Director of Engineering and Planning and
subsequently as General Manager for the El Paso Aruba Refinery
where he oversaw the development and implementation of over $250
million in projects. In March 2005, Glenn joined Arizona Clean
Fuels Yuma LLC as Chief Executive Officer with full responsibility
for the development and implementation of a project to permit,
build and operate a new 150,000 barrel per day refinery in Arizona.
About Planet Resource Recovery, Inc. Planet Resource Recovery, Inc
(the "Company") has developed a proprietary platform of products
based on a core technology known as PetroLuxus(TM). The Company
manufactures and markets the PetroLuxus(TM) platform of products,
which represent a disruptive technology for use in the specialty
and petrochemical industries. The products are comprised of a
series of compounds with a wide array of applications, all of which
benefit from its unique ability to dislodge hydrocarbons from
organic and inorganic materials. The Company's Phase I revenue
approach is comprised of three distinct business units: i)
Environmental Remediation ("ER"), ii) Enhanced Oil Recovery ("EOR")
and iii) Strategic Business Combinations. The PetroLuxus(TM)
platform of products is a "Green Technology." It is a non-toxic,
nonflammable and environmentally friendly method of separating
hydrocarbons from both man-made and naturally occurring materials.
PetroLuxus(TM) truly is a Disruptive Technology. It will disrupt
currently accepted best practices and change the way hydrocarbons
are being managed and harvested throughout the world. Founded in
2005, the Planet corporate offices are located in Houston, Texas.
For more information visit: http://www.planetresource.com/ 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. Planet takes no obligation to
update or correct forward-looking statements, and also takes no
obligation to update or correct information prepared by third
parties that are not paid for by Planet. DATASOURCE: Planet
Resource Recovery, Inc. CONTACT: Company, Carol Ackerman,
+1-480-684-6800, , or Media, Rod Mitchell, +1-281-350-5506, , both
of Planet Resource Recovery, Inc. Web Site:
http://www.planetresource.com/
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