Planet Resource Recovery, Inc. Develops Technology to Reduce Sulfur in Diesel Fuel to Meet Current Ultra Low Sulfur Standards
July 07 2010 - 10:30AM
Marketwired
Planet Resource Recovery, Inc. (PLANET) (PINKSHEETS: PRRY)
announces today, the development of its latest technology, the
SRU-15 Sulfur Reduction Unit. The technology is designed to treat
the diesel fuel produced from a distillation unit to reduce Sulfur
compounds from levels of 60-100 ppm to less than 15 ppm to meet
current ULSD standards.
The technology development is designed for the reduction of
Sulfur compounds in Transmix and other high Sulfur fuel streams. In
keeping with the company's mantra to create new and innovative ways
to utilize available resources, it was determined there was need
for a way to reduce Sulfur compounds in off spec diesel fuel to
meet the latest federally mandated regulations for ULSD (Ultra Low
Sulfur Diesel).
Transmix is a readily available source of feedstock for use in
the production of diesel fuel and naptha. It is a by-product of
several industries related to the production, storage and
transportation of hydrocarbon based products, including the
following:
- Pipeline gas/gas transmix
- Cross-dumps of gas and diesel
- Barge Strippings
- Petroleum and chemical site/tank cleaning and remediation
- Interface and purge of non-compatible products in tankers,
pipelines, and tankage
- Re-refining of red-dye products
Transmix is a costly by-product of these processes and results
in a cross mixture of products that must be re-refined at the
refinery, which is wasteful and displaces refinery volume for
incoming crude oil, or processed into diesel and naptha in smaller
distillation plants. Because Transmix is typically high in Sulfur
compounds its becoming increasingly difficult for the Transmix
processors to produce diesel fuel to meet ULSD standards of less
than 15 ppm.
Recognizing this problem and the opportunity it presented,
PLANET committed in April 2010 to develop a solution utilizing a
chemistry/technology based process. Further, the company's
management challenged its team to fast-track the project for
conception and laboratory testing to an operating prototype in 90
days and dedicated a budget of $450,000 to conceptualize, prove,
design, build and test the technology. The system incorporates a
design that can be pre-fabricated in modules for cost effective
manufacture and transportation and readily "plug in" to the
client's distillation system.
As previously stated in a press release dated June 23, 2010,
PLANET has formally partnered with Lerro Processing LP to market
the technology and through this partnership, an agreement has been
established with an independent Transmix processor to install and
operate the first SRU-15 as a beta site for testing. The terms of
the agreement include a contract with the company to pay a per
gallon treatment price for fuel processed through the system from
the date it begins operation. PLANET will own, maintain and operate
the system through the limited partnership and plans are to market
the concept to a large number of potential customers facing the
dilemma of meeting ULSD standards.
The process is patentable and patent application will be
initiated following the appropriate testing and documentation phase
of the project.
About Planet Resource Recovery, Inc.
Houston, Texas-based Planet Resource Recovery, Inc. is the
developer, manufacturer, and marketer of unique, environmentally
friendly proprietary chemical compounds and processes that will
usher in a new paradigm shift in industry. The company is primarily
focused on three distinct sectors: 1) Oil & Gas Industry with
PetroLuxus™, 2) Remediation of mining toxic byproducts and 3)
mining of base and precious metals. The company has developed
multi-dimensional compounds and their related processes,
technologies and methodologies to provide these sectors enhanced
benefits and revenue opportunities. For more information visit:
www.planetresource.net 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.
Planet Resource Recovery, Inc. 281-996-5315 Email Contact
Planet Resource Recovery (PK) (USOTC:PRRY)
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