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Global Resource Corp. (PINKSHEETS: GBRC) 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 announced that a new report, issued by the United States Department of Energy, recognized Global Resource and its patent-pending gasification technology.
The company’s technology gasifies hydrocarbons locked in oil shale, tar sands, and other natural resources. Unlike similar processes, Global Resource doesn’t emit harmful emissions or other by-products; instead outputs contain methane, diesel fuel, and heating oil in vast quantities.
DOE representatives have visited Global Resource’s process in-person at the company’s test facility in southern New Jersey. There they witnessed analyzed tests on various petrochemical byproducts.
Frank Pringle, CEO of Global Resource Corporation, stated, “Since the DOE released its report, interest in our technology has increased, and we’ve had the opportunity to showcase its capabilities to businesses leading the way in finding alternative energy solutions. We are honored to be counted among the leading petrochemical companies who are committed to solving the global energy crisis. This groups identified by the DOE are Giants in the industry, and we are honored to be mentioned with them by the DOE. It appears that our technology has started to be recognized after many years of experimentations.”
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