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Global Resource is one of our highlighted companies this month. The company holds rights to a technology that has various applications to recover energy, such as oil and gas from waste materials. It has an exclusive license with Mobilestream Oil, Inc. for a family of technologies, which allow for the recycling of an automobile tire, as well as permit the economic recovery of oil from sources, such as shale, tar sands, oil resid, and existing oil wells.
In our client’s news today,
One of the world’s largest recyclers, Gershow Recycling, purchased Global Resource’s HAWK 10. The technology is expected to reduce landfill wastes by 65% without generating harmful emissions. It uses high microwave frequencies to convert textiles, foams, plastics, rubber, and light metal content extracted from cars into oil and gas.
The Executive Vice President of Gershow Recycling commented on the industrial process as something of science fiction, but real and available. He states the agreement to use the HAWK 10 system is a major step forward to developing a process which makes business and environmental sense.
The HAWK 10 eliminates costs and hazards by breaking down unwanted trash into combustible gases and oil. Savings are made by creating combustible gases for energy, reducing land fill tipping fees, and creating alternative energy tax credits.
The CEO of Global Resource Corp. stated, “We expect Gershow Recycling to capture a full return on their investment within one year of use, thanks to HAWK 10’s incredible efficiency, and its ability to lower expenses and recover profit. Gershow’s agreement to implement the HAWK 10 is an excellent example of their forward-thinking, tech-savvy approach to recycling — one its entire industry should emulate to fight global warming. We’re on the cusp of an energy revolution in our country, and alternative energy technology such as ours offers a clear way to cheaper, cleaner fuel, and higher profits.”
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