HOUSTON--(BUSINESS WIRE)--American Biodiesel Fuels Corp. (Pink Sheets:ABDL) is pleased to introduce Planet Resource Recovery Inc.’s proprietary chemical formulation for the Oil & Gas sector and related industries to enhance oil recovery and remediation. American Biodiesel Fuels Corp. has entered into a Letter of Intent to Acquire Planet Resource Recovery, Inc. resulting in Planet Resource Recovery, Inc. being the surviving company.
Planet Resource Recovery, Inc. is the developer, manufacturer and marketer of PetroLuxus™. PetroLuxus™, (Petro – short for Petroleum and Luxus – Latin derivation of Luxate – to dislocate or dislodge) is a proprietary non-toxic, non-flammable, cost-effective environmentally friendly chemical formulation for the Oil & Gas sector and related industries.
PetroLuxus™ has a unique affinity for hydrocarbons that disperses rapidly upon treatment eliminating the interfacial surface tension between hydrocarbons and all matter it contacts including sand, clay, rock, shale. The elimination of surface tension permits oil and non-hydrocarbon material to separate resulting in a stratification of materials by specific gravity. Segregation by specific gravity facilitates efficient extraction of the desired petroleum components.
PetroLuxus™ offers a vast range of advantages and solutions to oil and gas producers and related industries. The majority of PetroLuxus™ applications require little to no heat. Remediation and recovery efforts are expedited compared to current methods. In crude oil production, PetroLuxus™ benefits include: viscosity reduction, improved sediment and water separation, de-sulphurization, demulsification and stratification of materials by specific gravity resulting in maximized efficiencies in recovery.
Planet Resource Recovery, Inc. has the PetroLuxus™ family of products ready for commercialization and utilization in the field. The company is in discussions and seeking additional distributors in the oil & gas sector and related industries.
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is a PetroChemical/Oil Services company that has developed a proprietary, environmentally friendly chemical that dislodges hydrocarbons in practically all natural and man-made environments. The company’s flagship product, PetroLuxus™, and its derivative product lines have a strong affinity and rapid dispersement qualities to break hydrocarbon chains on a molecular level for cost-effective remediation and recovery of petroleum and petroleum-based materials. The company’s prospective markets for remediation and recovery include: oil tank farm cleaning, marine ship cleaning, oil sludge pits, contaminated soil/oil spills, biodiesel, waste oil segregation, heavy oil, tar sands, and Enhanced Oil Recovery, to name a few. Planet Resource Recovery’s pilot manufacturing plant is fully operational with PetroLuxus™ ready for commercialization. For more information please visit www.planetresource.net
For an audio/visual demonstration of PetroLuxus™ in action, click on the link for a 3 minute video of an oil sands capture lab test. http://www.planetresource.net/test76u31b.htm
"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.