Planet Resource Recovery's Newly Reformulated PetroLuxus(TM) HC Highly Effective on Kuwaiti Weathered Oil Sludge
26 June 2013 - 11:00PM
Marketwired
Planet Resource Recovery, Inc. (PINKSHEETS: PRRY) is pleased to
announce its newly reformulated PetroLuxus™ HC (Heavy Crude) has
been shown to be highly effective when used to treat weathered
Kuwaiti Oil Sludge, based on the results from Independent
Laboratory Tests. These Independent Laboratory results show that
adding PetroLuxus™ HC to currently accepted field remediation
practices can significantly simplify and improve the recovery of
oil in open air sludge pits.
PetroLuxus™ HC, certified to NSF/ANSI Standard 60 - Chemicals
used in the treatment of potable water, is a multi-modal liquid
compound formulated to dislodge contaminates from heavy crude oil
streams, sludge pits and oil contaminated soils, resulting in a
higher grade oil product with improved flow characteristics. In
addition to dramatically improving the flow characteristics of
heavy oil, PetroLuxus™ HC also helps reduce entrained water,
paraffin, heavy metals, particulate matter, acidity and sulfur.
This results in the production of a higher grade product, while
also reducing negative environmental impacts. PetroLuxus™ HC
reduces negative environmental impact by enabling the separation
and collection of undesirable contaminants, using less energy and
simplifying the contaminants disposal.
An Environmental Remediation Company has been working with this
particular Kuwaiti heavy oil project for the last three years. The
company provided Planet Resource raw samples of the hydrocarbons
directly from the sludge pit in Kuwait, which contains an estimated
1 million barrels of recoverable crude oil. These samples were used
to determine if the introduction of PetroLuxus™ HC into their
recovery process would enhance efficiencies and economics. The raw
samples of the weathered crude are an amalgamation of Eocene crude,
Ratawi Crude, sludge, sand, heavy metals, salts and water. It is
estimated that the crude oil has been in the pit up to 40 years,
where it has been subjected to the harsh desert climate of heat,
sun and sand storms.
The current remediation process for this weathered crude
consists of extracting the crude from the pit, blending it with
diesel to enable the crude to flow and processing the mixture
through a centrifuge to remove impurities. Planet laboratory
technicians followed the same protocol in their Texas lab setting
with the introduction of PetroLuxus™ HC after blending the crude
with diesel and eliminating the centrifuge phase. The PetroLuxus™
HC treatment rendered the very positive results described
below:
API Gravity: is a measure of how heavy or
light a petroleum liquid is compared to water. The higher the API
gravity the more desirable the liquid is for refineries. Raw
Samples measured negative 5.9 API. After processing with
PetroLuxus™ HC the API rose significantly to 20.5 API Gravity.
BS&W: Basic sediment and water is a
technical specification of certain impurities in crude oil. Most
Oil Refineries will not buy crude oil that has a 1% or more BSW.
The Raw crude sample measured 2.6% BS&W. After processing with
PetroLuxus™ HC the BS&W were reduced to 0.
Inorganic Chlorides: Salts are extremely
corrosive to refining equipment and must be reduced prior to the
refining process. The raw crude samples measured 168,000 ppm
Inorganic Chlorides. After treatment with PetroLuxus™ HC the salts
were reduced to 1,200 ppm, a 140:1 decrease.
Total Acid Number: is an important quality
measurement of crude oil. The TAN value provides an indication to
the crude oil refinery of the potential corrosion problems to be
considered. The raw crude samples measured 0.8 ml/gm KOH. After
treatment the TAN was reduced to 0.08 ml/gm KOH, or a 10:1
reduction.
Enrique Salinas, President & CEO of Planet Resource, stated,
"The planet is littered with vast quantities of sludge pits that
represent a truly global problem. In addition to helping resolve
the crude sludge problem, the newly reformulated PetroLuxus HC can
be used to recapture the crude and remediate the soil contaminated
by oil spills. We look forward to advancing the implementation of
our product with this environmental remediation company and tapping
into this vast market."
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is the developer, manufacturer and
marketer of the PetroLuxus™ Technology Platform which currently
include the NSF/ANSI Standard 60 Certified PetroLuxus™ family of
products for the Oil & Gas industry and AquaLuxus for the water
industry. For more information visit: www.planetresource.net.
Safe Harbor Statement
Under The Private Securities Litigation Reform Act of 1995: The
statements in this presentation that relate to the Company's
expectations with regard to the future impact on the Company's
results from new products in development are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. The results anticipated by any or all of these
forward-looking statements may not occur. Additional risks and
uncertainties are set forth in the Company's Annual Report for the
year ended December 31, 2011. The Company undertakes no obligation
to publicly release the result of any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof, or to reflect the occurrence
of unanticipated events or changes in the Company's plans or
expectations.
Contact: Planet Resource Recovery, Inc.
281-213-5266 Email Contact
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