Global Resource Corp. (Pink Sheets: GBRC) has announced a Joint Venture (JV) to develop, build, own and operate several facilities with Phoenix Renewable Energy to process scrap tires. The JV will be able to develop and operate all facilities in Arkansas, Louisiana, Mississippi and South Carolina. The first facility will be located in Jonesboro, Arkansas and is valued at about $12 million.
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About Global Resource Corporation
Global Resource Corp., (PINKSHEETS: GBRC), is a developer of a patent-pending 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.
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