BIRMINGHAM, Ala., April 13, 2011 (GLOBE NEWSWIRE) -- Mobile Fluid Recovery (MFR) is currently featured in the April 18th, 2011 edition of Fortune Magazine for its participation in the reclamation and recycling of over 1.2 million feet of oil-soaked booms from the Gulf Oil Spill of 2010 in partnership with General Motors (GM). Arcis Resources Corporation (OTCBB:ARCS) has entered a contract with the owners of MFR to acquire MFR as soon as acquisition funding is available.
In 2011, oil-soaked plastic boom material used to soak up oil in the Gulf of Mexico found new life as auto parts in the Chevrolet Volt. During the Gulf oil spill crisis, volunteers and clean-up crews deployed hundreds of miles of polypropylene oil booms in an effort to contain and remove toxic oil from the water's surface.
In partnership with GM and Heritage Environmental, MFR has developed a cooperative method that reclaimed and recycled over 227 miles of oil boom that will ultimately be converted into enough plastic under-hood parts to supply the first year production of the Chevy Volt, an extended-range electric vehicle.
How it works: First, Heritage Environmental collects boom material along the Louisiana coast. Mobile Fluid Recovery steps in next, using a massive high-speed drum that spins the booms until dry and eliminates all the absorbed oil and wastewater. Lucent Polymers then uses its process to manipulate the material into the physical state necessary for plastic die-mold production. GDC Inc., used its patented Enduraprene(TM) material process to then combine the resin with other plastic compounds to produce the components.
Recycling the booms will result in the production of more than 100,000 pounds of plastic resin for the vehicle components, eliminating an equal amount of waste that would otherwise have been incinerated or sent to landfills.
The parts, which deflect air around the vehicle's radiator, are comprised of 25 percent boom material and 25 percent recycled tires from GM's Milford Proving Ground vehicle test facility. The remaining is a mixture of post-consumer recycled plastics and other polymers.
"This is just another great example of the size of absorbent reuse market opportunity. Although this project was driven by an unfortunate event, it demonstrates that traditional industrial waste absorbents can be efficiently reclaimed while significantly reducing the environmental impact of these waste absorbents, and yielding significant cost savings opportunity for our clients. We look forward to working with our partners to roll out this solution nationwide in order to turn these waste absorbents into products and creating renewed value," stated Trevis Lyon, Chief Operating Officer of Mobile Fluid Recovery.
"This was purely a matter of helping out," said John Bradburn, manager of GM's waste-reduction efforts. "If sent to a landfill, these materials would have taken hundreds of years to begin to break down, and we didn't want to see the spill further impact the environment. We knew we could identify a beneficial reuse of this material given our experience."
MFR currently services seven GM plants in the upper Midwest market with its patented "free liquids" removal services, and began servicing four additional plants starting in March 2011.
Arcis Resources Corporation is an environmental energy company headquartered in Birmingham, AL, which has entered into a share exchange agreement with Mobile Fluid Recovery and its parent company, American Plant Services, LLC.
Mobile Fluid Recovery is an Ohio corporation ("MFR") headquartered in Birmingham, AL with operations in Ohio and Alabama. MFR currently services seven (7) GM plants with its patented "free liquids" removal process, and began servicing four (4) additional plants in March 2011.
About General Motors: General Motors, one of the world's largest automakers, traces its roots back to 1908. With its global headquarters in Detroit, GM employs 209,000 people in every major region of the world and does business in more than 120 countries. GM and its strategic partners produce cars and trucks in 31 countries, and sell and service these vehicles through the following brands: Buick, Cadillac, Chevrolet, GMC, Daewoo, Holden, Isuzu, Jiefang, Opel, Vauxhall, and Wuling. GM's largest national market is China, followed by the United States, Brazil, the United Kingdom, Germany, Canada, and Russia. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services. General Motors acquired operations from General Motors Corporation on July 10, 2009, and references to prior periods in this and other press materials refer to operations of the old General Motors Corporation. More information on the new General Motors can be found at www.gm.com.