SOURCE: Planet Resource Recovery, Inc.

February 26, 2009 08:00 ET

Planet Resource Recovery, Inc. Ships PetroLuxus™ Blend to Remediate Underground Storage Tank Under the Watchful Eye of the EPA

HOUSTON, TX--(Marketwire - February 26, 2009) - Planet Resource Recovery, Inc. (PLANET) (PINKSHEETS: PRRY), developer, manufacturer and marketer of the PetroLuxus™ family of green technology products, announced today that the company has shipped a proprietary-blend of PetroLuxus™ to an environmental contractor for the remediation of toxic materials in an underground storage tank. Preliminary on-site testing demonstrated that PetroLuxus could break the bond of the toxic material with chemical remediation in place of dangerous human entry into the tank. The pilot on-site remediation contract is the result of a fact-finding trip to Newark, New Jersey, by CEO Kurt Neubauer and Chief Science Officer, Michael Smallwood several weeks ago.

In a joint effort with New Jersey Engineering firm, E2PM and a local contractor, Michael Smallwood will supervise the introduction of PetroLuxus for the removal of the toxic material. The underground storage tank is a railroad tanker car that is currently buried in a Philadelphia suburb. The vintage tanker car was buried approximately 40 years ago, and is filled with a hydrocarbon sludge, comprised of asphalt, tar and used oil. The presence of the old railcar storage vault did not come to the attention of EPA Region III until five years ago, at which time they contracted for the removal of all above ground contaminates. Supervisors and others with EPA Region III will be on hand to monitor the extraction of the car and removal and remediation of its contents.

The EPA learned about the unique remediation capabilities of PetroLuxus™ from E2PM Senior Project Manager, Robert Feller, who over recent months has been extensively testing PetroLuxus™ for the remediation of contaminated soil. As result of on-site field tests conducted by Michael Smallwood during his recent visit, Feller was able to secure a contract for cleanup. What makes PetroLuxus™ advantageous to those saddled with the cleanup of contaminated underground storage tanks is the fact it is timesaving, eliminates costly manpower expenses, as well as worker exposure.

CEO Kurt Neubauer stated about the pilot project, "We fully expect this first project to clearly demonstrate to the EPA and other environmental officials, that PetroLuxus™ is the most cost-effective resolve for the cleanup of contaminated soil. There are many contaminated sites throughout the east and northeast and we are hopeful that this will only be the first of many to come."

About Planet Resource Recovery, Inc.

Planet Resource Recovery, Inc. is the developer, manufacturer and marketer of the PetroLuxus™ family of green technology products, a proprietary environmentally friendly chemical compound that dislodges oil in practically all natural and man-made environments. The PetroLuxus™ family of products are effective and efficient solutions for the remediation and recovery of petroleum-based products. PetroLuxus™ 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. Oil Recovery Ventures, Inc. deploys PetroLuxus™ through joint ventures in the Enhanced Oil Recovery market.

For an audio/visual demonstration of PetroLuxus™, click on the link http://www.planetresource.net/index-21.html

For more information visit: http://www.planetresource.net or http://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.

Contact Information

  • Company Contact:
    Enrique M. Salinas III
    Planet Resource Recovery, Inc.
    281-996-5315
    Email Contact

    Media Contact:
    Rod Mitchell
    281-350-5506
    Email Contact