Glenn McGinnis, CEO Arizona Clean Fuels Yuma, Joins Advisory Board - Planet Resource Recovery, Incorporated
June 25 2009 - 7:00AM
Marketwired
Planet Resource Recovery, Inc. (PLANET) (PINKSHEETS: 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. We are excited that the breakthrough
technologies perfected by Michael Smallwood allow these two great
minds, who have worked together in the past, to get reunited at
Planet," 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 science and the
Company's 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.
Distinguished Advisory Board:
Chaired by Dr. Michael Nobel, the Planet Resource Recovery
Advisory Board is assisting the Company and its Board of Directors
in executing its business plan thru strategic alliances as the
PetroLuxus(TM) product is deployed on a national basis.
Dr. Nobel is a great grand nephew of Alfred Nobel, founder of
the Nobel Prizes. He currently directs the global efforts of the
Nobel Charitable Trust as Chairman. He obtained a doctorate at the
University of Lausanne in psycho pedagogy in 1979. In the science
field he worked for seven years as a researcher in social sciences
at the Institute for Mass Communication at the Lausanne University
and as a consultant to UNESCO in Paris and the United Nation's
Social Affairs Division in Geneva on methods for substance abuse
prevention. Commercially he participated in the introduction of
magnetic resonance imaging as vice president of Europe for Fonar
Corporation.
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: www.planetresource.com or
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.
Company Contact: Carol Ackerman 480-684-6800 Email Contact Media
Contact: Rod Mitchell 281-350-5506 Email Contact
Planet Resource Recovery (PK) (USOTC:PRRY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Planet Resource Recovery (PK) (USOTC:PRRY)
Historical Stock Chart
From Jul 2023 to Jul 2024