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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,
Global Resource is pleased to announce that the U.S. Department of Energy recognizes Global Resource as having the potential to unlock billions of barrels of energy from deposits found in the United States. The company’s patent pending invention has the ability to convert various materials into oil and gas.
The CEO of Global Resource Corporation, Frank Pringle, commented, “Our technology may one day allow the United States to rely on its own resources for the country’s energy needs, and this report is a testament to the potential our process holds. The experts at the DOE see value in our system, and we are honored to be counted among the giants of the petro-chemical industry as a company that may one day help solve the global energy crisis.”
The technology gasifies hydrocarbons found in oil shale, tar sands, coal, capped oil wells and other natural resources, but unlike similar processes, Global Resource substantially reduces the carbon monoxide and carbon dioxide emissions. Because the entire process is performed in a closed-loop vacuum, harmful pollutants are eliminated.
The company’s technology has been proven to work in laboratory conditions and is designed to be cost and energy efficient. Representatives from major energy companies and emerging energy sectors have displayed interest in Global Resource by visiting multiple times.
Global Resource’s technology is expected to produce oil and gases with minimal refining, energy input, or cost after being commercialized and built on a larger scale.
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