HOUSTON--(BUSINESS WIRE)--Planet Resource Recovery, Inc. (PINK SHEETS: PRRY), developer, manufacturer and marketer of the PetroLuxus(TM) family of products, announced today that it has delivered its first shipment of PetroLuxus™ 600 for the treatment of biodiesel. PetroLuxus™ 600 provides new efficiencies to the biodiesel industry that will streamline the production of biodiesel in a cost-effective and time-efficient manner.
Planet Resource Recovery, Inc. has been testing the application of a special formulation of PetroLuxus™ for use in the treatment of feed stocks for the production of biodiesel. Renderings from animal fats, which are a by-product of poultry and meat producers, and waste vegetable oil (WVO), which can be recovered from restaurants provide tremendous potential as feed stock for the production of biodiesel. To date, these potential feed stocks have been limited by the high cost of removing triglycerides, fatty acids and the resultant waste streams they produce. More efficient treatment of these feed stocks with PetroLuxus™ 600 provides the ability to unify a variety of feed stocks and is environmentally-friendly, reduces the demand for straight vegetable oil (SVO), and improves the profitability of biodiesel production.
Through extensive testing and cooperation with a Houston-based biodiesel producer, Planet Resource Recovery has developed a new proprietary product, PetroLuxus™ 600, that significantly enhances the treatment of these feed stocks through the expedient separation and isolation of adulterates in the production of biodiesel. Due to its inherent oxygen scavenging characteristics, PetroLuxus™ 600 substantially reduces noxious odors associated with these commodities. PetroLuxus™ 600 has proven to be an effective treatment to a variety of feed stocks, such as yellow grease, brown grease, and trap grease by initiating an ionic exchange mechanism to force isolation of the glycerol component and excess water for removal from the biodiesel. Further, PetroLuxus™ 600 eliminates the need for the transesterfication process in favor of saphonification and helps in the process to recover the valuable methanol used in production. Usage of PetroLuxus™ 600 to treat these commodities expedites the separation process to a 24 hour cycle compared to several weeks currently required of conventional biodiesel production processes. Treatment with PetroLuxus™ 600 results in the ability to save time and money through unification of a variety of feed stocks that are available to the producer.
Through this cooperative effort, the client has modified their production process design around the use of PetroLuxus™ 600 and has found that utilization of PetroLuxus™ 600 in their process has reduced production costs and improved efficiency. Due to the effectiveness of PetroLuxus™ 600, the client is revamping its initial production capacities of over 100,000 million gallons per year.
Planet Resource Recovery has delivered the first orders of PetroLuxus™ 600 for use in their pilot plant operation and continues to work with them to further improve the quality of the finished biodiesel that is produced. Further testing is ongoing to research the potential to improve the characteristics of biodiesel for use in cold weather and its overall combustibility and the potential for enhanced recovery of a high quality glycerin.
According to the National Biodiesel Board there are now 150 operating biodiesel plants throughout the U.S. Domestic biodiesel production increased from 25 million gallons in 2004 to more than 250 million gallons in 2006, and is expected to exceed 300 million gallons in 2007.
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is a holding company spearheaded by its Petrochemical manufacturing unit that has developed PetroLuxus(TM), a proprietary environmentally-friendly chemical compound that dislodges oil in practically all natural and man-made environments. The PetroLuxus(TM) family of products is an effective and efficient solution for the remediation and recovery of petroleum-based products. PetroLuxus(TM) applications include Enhanced Oil Recovery, Oil Sands, oil spills, oil tank farm cleaning, marine ship cleaning, remediation of oil sludge pits, treatment of raw fuel feedstocks, waste oil segregation and biodiesel, to name a few.
Through the acquisition and formation of wholly-owned subsidiaries, Planet Resource Recovery, Inc. deploys the PetroLuxus products. RADA Technologies, Inc. engineers new mechanical processing equipment proprietary to PetroLuxus products while simultaneously providing fuel inventory management services reducing loss to increase gain for its customers. Oil Recovery Ventures, Inc. deploys PetroLuxus(TM) through joint ventures in the Enhanced Oil Recovery market.
For an audio/visual demonstration of PetroLuxus(TM), click on the link below.
"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.