Global Resource Corp.'s Microwave Fuel Recovery Technology is Named by Time Magazine One of 'The Best Inventions of the Year'
Company Notes Environmentally-Friendly Technology Holds Promise of U.S. Energy Independence
WEST BERLIN, N.J., Nov. 5 /PRNewswire-FirstCall/ -- Global Resource Corp. , a developer of a patent-pending microwave technology and machinery for extracting oil and gas, announced today that Time Magazine has named the company's microwave technology as one of the "Best Inventions of the Year" because of its ability to "pull fuel out of shale rock, tires and even plastic bottles."
In the November 2 article, Time wrote that Frank Pringle of Global Technology has developed "an emissions-free process" that uses microwaves that "might also help recover oil that is stuck in muck inside hundreds of capped wells across the country."
Said Pringle, "We are proud that 'Time Magazine' has recognized the revolutionary potential of Global Resource's microwave technology. This recognition along with the Department of Energy citing our technology as a possible help to the energy problem facing the world is really exciting. Time's choosing it as one of the 'Best Inventions of the Year' will help us spread the word about the technology's power to make the United States energy independent."
Pringle explained that Global Resource's microwave technology can make the U.S. energy independent because it economically converts existing domestic resources from oil shale, tar sands, capped wells and stranded gas wells into oil or gas. The process also produces oil and gas from cleaning up environmentally destructive old tires, PCBs on river and harbor bottoms and mountains of plastic garbage in its emissions-free process.
He noted that in a report made in June that was released July 17, the U.S. Department of Energy profiled Global Resource and its microwave technology for oil shale recovery as a help in making the U.S. energy independent.
In its annual round up of "Best Inventions of the Year," Time Magazine selected 46 inventions in 12 categories, from Cars & Buses to Health. Global Resource's microwave technology is listed in the environment category.
Monday, November 5, 2007
Microwave Fuel Recovery Technology
Sender
Toygun Mavinil
Time:
11:37 PM
Category technology
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