"By recycling tires to produce marketable energy and other by-products, this plant will show the world that Global Resource's technology is both cost - effective and environmentally friendly"
Frank Pringle, Global Resource Inc. Chairman
West Berlin, N.J., US: Global Resource Corp., a developer of a patent-pending microwave technology and machinery for extracting oil and gas, announced yesterday that it is to draft site specifications for a tire recycling plant, based in Mobile, AZ, that will use the company's “revolutionary” microwave machinery to recover fuel and other products from the tires. The specification is being produced for ECO Energy.
The order from ECO Energy is the initial phase of the project, which will be the company's largest project so far, incorporating two (possibly three) of the company's Hawk-10 machines, valued at $5 million each.
ECO Energy, based in Placentia, Ca, said the plant will convert 300 tons of tires per day into gas, oil, steel and carbon black. The company reported that the tires are being supplied under agreements from the States of California, Arizona and New Mexico. Furthermore, it already has agreements for the fuel and other products, which are reusable, of commercial value and in demand by industry.
ECO Energy is a joint venture of Placentia, CA- based Huntington Renewable Energy and Maricopa, AZ-based Envirotech Industries International.
Global Resource Corp., develops microwave technology and machinery that extracts oil and petroleum products from shale deposits, tar sands, capped oil wells, bituminous coal and processed materials such as tires and plastics as well as dredged soil from harbors and river bottoms. The company says that its process produces significantly greater yields and lower costs than are available using existing technologies.
The microwave system
Global says that the process takes place in an enclosed environment, is emission-free and an efficient and cost-effective tool for cleaning environmental wastes and toxic materials.
Global Resources’s Chief Engineer explained why the technology is different from their competitors.
A frequency can be found that excites specific molecules most, an example being a microwave oven that uses 2450MHz frequency magnetron suitable for exciting water molecules. Globals hydrocarbon specific frequencies are generated by much higher RF klystrons that crack the hydrocarbon chain into its characteristic fuels.
This is not pyrolysis as the cracking is "inherent to specific frequencies" and not to the amount of heat produced. The process however is done without water and performed in an oxygen starved environment. Global call this technology: High-Frequency Attenuating Wave Kinetics (HAWK).
No CO2 or CO is produced in the process as there is minimal oxidation taking place in the anoxic atmosphere.
Treatment can take place either insitu (deep in the ground) or processed above ground.
Global Chairman Frank Pringle said:
"By recycling tires to produce marketable energy and other by-products, this plant will show the world that Global Resource's technology is both cost - effective and environmentally friendly. Not only will the plant rid these states of toxic old tires in an emissions-free process, but it will generate the fuel to run the plant and produce a profit as well from the sale of the fuel and other byproducts," said Pringle.
"Our technology," added Pringle, "has the capability of eventually making the United States energy independent."
Global says that in Time Magazine this week, the company's microwave technology was named as one of the "Best Inventions of the Year." In its annual round up of "Best Inventions of the Year," Time selected 46 inventions in 12 categories, from Cars & Buses to Health. Global Resource's microwave technology is listed in the environment category.
Ealier this year, the U.S. Department of Energy profiled Global Resource and its microwave technology for oil shale recovery as a resource for making the U.S. energy independent. The company considers that this further validates Resource's capabilities for energy recovery.
Further information
For more information see: www.globalresourcecorp.com.
Forward-Looking Statements
This news release contains forward-looking statements regarding Global Resource Corp.'s business strategies and future plans of operations. Forward- looking statements involve known and unknown risks and uncertainties. The forward-looking statements contained in this news release speak only as of the date hereof and Global Resource disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in Global Resource's expectations or future events.
[This article is adapted from a press release by PRNewswire-FirstCall with an original source of Global Resource Corp.]