SOURCE: Planet Resource Recovery, Inc

February 23, 2009 08:00 ET

Planet Resource Recovery, Inc.'s CEO Interviewed by Calgary Herald Stating PetroLuxus™ Is the "Silver Bullet" to Canada's "Dirty Oil"

HOUSTON, TX--(Marketwire - February 23, 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's CEO, Mr. Kurt Neubauer, was recently interviewed by Shaun Polczer of the Calgary Herald. Mr. Polczer interviewed Mr. Neubauer on the eve of President Barack Obama's first visit to Canada where energy and economic issues were expected to dominate talks. Primary concerns of the US are the environmental impact of extracting oil from oil sands and the resulting greenhouse gas emissions and other environmental menaces of Canada's "Dirty Oil."

Canada ranks second in terms of global proven crude oil reserves (15 per cent of world reserves), after Saudi Arabia's 173 billion barrels. Oilsands production of more than 1.2 million barrels a day accounts for approximately 42 per cent of Canada's total crude output. Oilsands producers move enough overburden and oilsands every two days to fill Toronto's Rogers Centre or New York's Yankee Stadium. Current extraction process of oil from oilsands is estimated to emit three times the global warming emissions compared to conventional oil extraction & refining, additionally rendering vast tailing ponds of sludge that threaten the environment.

In the Calgary Herald article, Mr. Polczer writes, "But Kurt Neubauer, president and founder of Houston-based Planet Resource Recovery Inc., thinks he has a magic bullet for solving the environmental problems of the oilsands. Using a proprietary chemical catalyst, he claims to be able to recover 99 per cent of the oil from sand without any greenhouse gas emissions." For the complete article visit http://www.planetresource.net/PDF/Calgary_Hearld-Feb192009.pdf

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