HOUSTON, Aug 18, 2008 (BUSINESS WIRE) --
Planet Resource Recovery, Inc. (PINK SHEETS:PRRY) is pleased to provide update on collaboration with Affordable Bio Feedstock (ABF) that commenced on May 28, 2008.
After representatives from both companies jointly completed testing and evaluation of processes and techniques for utilizing Planet Resource Recovery, Inc.'s premier product, PetroLuxus(TM), for separation and recovery of oils from trap grease and other sources for waste grease, ABF launched into the construction of their pilot plant in July. To date, ABF is approximately 75 percent completed and is estimated to be online by mid-September 2008.
ABF has designed and is constructing a pilot plant to process 20,000 gallons per day of waste trap brown grease in the Orlando, Florida area. Septic Tank companies collecting brown waste grease from the food service industry, schools, hotels, penitentiaries, etc. will now have a cost-effective solution to dispose of their collected waste. Once treated with PetroLuxus and processed in the pilot plant, ABF will be able to harvest the oils to provide an affordable bio feedstock to the biodiesel industry. Additionally significant is that the water with entrained brown grease can be recycled as opposed to current costly disposal methods.
Based on market research, the State of Florida alone will require approximately 110 plants to treat and process waste brown grease. ABF's technology has been developed solely around the efficacy of PetroLuxus(TM) and will be an additional revenue stream for Planet Resource Recovery, Inc. Planet Resource Recovery, Inc. representatives will meet with ABF at the end of August to execute a long-term contract. Planet Resource Recovery, Inc. will work exclusively with ABF for the treatment of waste brown grease in the United States.
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is the developer, manufacturer and marketer of the PetroLuxus(TM) family of products, a proprietary environmentally friendly chemical compound that dislodges oil in practically all natural and man-made environments. The PetroLuxus(TM) family of products are effective and efficient solutions for the remediation and recovery of petroleum-based products. The company is currently focused on the deployment of PetroLuxus(TM) products to the EOR (Enhanced Oil Recovery) industry. Oil Recovery Ventures, Inc., a wholly-owned subsidiary, deploys PetroLuxus(TM) through joint ventures in the Enhanced Oil Recovery market.
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