HOUSTON, TX--(Marketwired - Jun 26, 2013) - Planet Resource Recovery, Inc. (
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
