Contact Information: Company Contact: Carol Ackerman 480-684-6800 Media Contact: Rod Mitchell 281-350-5506
Glenn McGinnis, CEO Arizona Clean Fuels Yuma, Joins Advisory Board - Planet Resource Recovery, Incorporated
Industry Leader Brings International Oil and Gas Refinery Expertise to Planet's PetroLuxus(TM) Commercial Expansion
| Source: Planet Resource Recovery, Inc.
HOUSTON, TX--(Marketwire - June 25, 2009) - Planet Resource Recovery, Inc. (PLANET)
(PINKSHEETS : PRRY ), developer, manufacturer and marketer of the
PetroLuxus™ family of remediation and recovery technologies, announced
today that Glenn McGinnis, CEO of Arizona Clean Fuels Yuma, has accepted a
role on the company's advisory board.
Recognized as a global industry expert in areas of refinery design,
development and operations, McGinnis brings a wealth of knowledge and
international relationships to Planet. McGinnis and Planet's Chief Science
Officer, Michael Smallwood, had previously worked together on a project for
Valero Oil Company in Aruba.
"I am honored that someone of Glenn's stature has joined us in an advisory
role at Planet. We are excited that the breakthrough technologies perfected
by Michael Smallwood allow these two great minds, who have worked together
in the past, to get reunited at Planet," stated Rick Burton, President of
Planet. "For Glenn to lend his considerable experience, advice and counsel
at this stage of the Company's growth, speaks volumes about our science and
the Company's future. It is a significant step forward as we direct our
global focus on remediation and recovery of tar sands and oil shale, given
his preeminence in this sector of the industry."
McGinnis currently serves as Director and Senior Advisor to the "Alberta's
First Nations Energy Center," the group developing refinery and carbon
sequestration projects on behalf of Indian tribes in Canada (see
http://www.energy.gov.ab.ca/AbRel/639.asp).
Originally from Canada, McGinnis was recruited by the owners of Arizona
Clean Fuels Yuma to spearhead their funding and development efforts
requisite to build the first new refinery in the United States in over 30
years. This refinery and pipeline project, estimated at $4 billion, has
received an Air Operating Permit from the state of Arizona and legal
authority to develop the pipeline project in Mexico (see
http://www.arizonacleanfuels.com/press.htm).
About Glenn McGinnis:
Glenn McGinnis holds a Bachelor's degree in Chemical Engineering from
McMaster University in Hamilton, Canada, and a Masters of Chemical
Engineering degree from the University of Alberta in Edmonton Canada. From
1972 to 1995, he worked for Imperial Oil Limited, an affiliate of Exxon
Corporation, in Canada. During this period, he served in various positions
in both upstream and downstream divisions including three Refinery Manager
positions, Manager of Planning in Downstream and Corporate divisions,
Manager of Refining Services including all engineering, construction,
safety and environmental services for the Downstream Division. He also
served as a Design Supervisor with Exxon Research and Engineering Company
and Manager of Supply Coordination for Exxon Company International.
In 1995, he joined TransAmerican Refining Company (subsequently Orion
Refining Corporation) in Norco, Louisiana as Vice President-Manufacturing
and subsequently as Chief Executive Officer. This company developed and
executed a refinery refurbishment and expansion project for a 160,000
barrel per day refinery costing in excess of $1 billion. During 2002, he
served as Vice-President Operations for Aux Sable Liquids Limited, a major
gas liquids recovery and fractionation facility associated with the
Alliance Pipeline and situated near Morris, Illinois. During 2003, Glenn
served as Director of Engineering and Planning and subsequently as General
Manager for the El Paso Aruba Refinery where he oversaw the development and
implementation of over $250 million in projects.
In March 2005, Glenn joined Arizona Clean Fuels Yuma LLC as Chief Executive
Officer with full responsibility for the development and implementation of
a project to permit, build and operate a new 150,000 barrel per day
refinery in Arizona.
Distinguished Advisory Board:
Chaired by Dr. Michael Nobel, the Planet Resource Recovery Advisory Board
is assisting the Company and its Board of Directors in executing its
business plan thru strategic alliances as the PetroLuxus™ product is
deployed on a national basis.
Dr. Nobel is a great grand nephew of Alfred Nobel, founder of the Nobel
Prizes. He currently directs the global efforts of the Nobel Charitable
Trust as Chairman. He obtained a doctorate at the University of Lausanne in
psycho pedagogy in 1979. In the science field he worked for seven years as
a researcher in social sciences at the Institute for Mass Communication at
the Lausanne University and as a consultant to UNESCO in Paris and the
United Nation's Social Affairs Division in Geneva on methods for substance
abuse prevention. Commercially he participated in the introduction of
magnetic resonance imaging as vice president of Europe for Fonar
Corporation.
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc (the "Company") has developed a proprietary
platform of products based on a core technology known as PetroLuxus™.
The Company manufactures and markets the PetroLuxus™ platform of
products, which represent a disruptive technology for use in the specialty
and petrochemical industries. The products are comprised of a series of
compounds with a wide array of applications, all of which benefit from its
unique ability to dislodge hydrocarbons from organic and inorganic
materials. The Company's Phase I revenue approach is comprised of three
distinct business units: i) Environmental Remediation ("ER"), ii) Enhanced
Oil Recovery ("EOR") and iii) Strategic Business Combinations.
The PetroLuxus™ platform of products is a "Green Technology." It is a
non-toxic, nonflammable and environmentally friendly method of separating
hydrocarbons from both man-made and naturally occurring materials.
PetroLuxus™ truly is a Disruptive Technology. It will disrupt currently
accepted best practices and change the way hydrocarbons are being managed
and harvested throughout the world. Founded in 2005, the Planet corporate
offices are located in Houston, Texas.
For more information visit: www.planetresource.com or www.petroluxus.com.
Safe Harbor Statement
Certain statements in this release are "forward-looking" statements as
defined in the Private Securities Litigation Reform Act of 1995. Such
statements are subject to numerous risks and uncertainties. Actual results
may vary significantly from the results expressed or implied in such
statements. Factors that could cause actual results to materially differ
from forward-looking statements include, but are not limited to, the
Company's ability to meet the terms and conditions required to obtain its
project financing, risks and delays associated with product development,
risk of market acceptance of new products, risk of technology or product
obsolescence, competitive risks, reliance on development partners and the
need for additional capital. Planet takes no obligation to update or
correct forward-looking statements, and also takes no obligation to update
or correct information prepared by third parties that are not paid for by
Planet.