WEST BERLIN, N.J., May 30 /PRNewswire-FirstCall/ -- Global Resource Corporation announced today that Gershow Recycling, one of the world's largest recyclers, has agreed to receive the world's first 100 percent emission- and pollutant-free green recycling machine for auto shredder residue (ASR). Global Resource will supply Gershow with its proprietary technology to reduce landfill waste by approximately 65%, recover extra metal for profit, and the process will generate virtually no emissions linked to global warming.
The revolutionary ASR conversion machine, the HAWK 10, was invented by Global Resource Corporation. The cutting-edge system uses high microwave frequencies to convert "autofluff" -- textiles, foams, plastics, rubber, and light metal content extracted from cars -- into oil and gas. This process significantly reduces the amount of waste that Gershow will send to landfills, and it is conducted in a closed-loop system that eliminates pollutants.
"Imagine running a major industrial process like recycling with negligible fuel costs and zero emissions," says Kevin Gershowitz, Executive Vice President of Gershow Recycling. "It seems like the stuff of science fiction, but it's real, it's proven, and it's available right now to companies like Gershow who grasp the importance of fighting global warming. Recyclers are only part of the solution. We too must strive for the same efficiencies and green production processes that challenge industries everywhere. Our agreement to acquire Global Resource Corp.'s HAWK 10 is a major step forward toward deploying processes that make sound business and environmental sense."
Located on Long Island, N.Y., Gershow Recycling collects and processes ferrous metals, non-ferrous metals, and paper products from scrap suppliers, and turns them into high quality scrap products. A high percentage of Gershow's scrap comes from automobiles. Obsolete automobiles are the most recycled high-volume consumer product in the US. The scrap industry recovers about 18 million tons per year of ferrous scrap, mostly from shredded automobiles. The HAWK 10 will allow Gershow to scrap more metal from materials that were difficult to separate in the past, allowing them to reduce waste by 65%.
For each ton of steel that is recovered, between 500 - 700 pounds of automobile shredder residue (ASR) is produced. ASR contains plastics, rubber, wood, paper, fabrics, glass, sand, dirt, ferrous and non-ferrous metal pieces. The current ASR disposal technology is land filling. When ASR is landfilled, many high-priced materials with significant embodied energy are lost. This loss, combined with the cost of landfilling, more stringent regulations and shrinking landfill space require new alternatives for ASR.
Global Resource Corp.'s HAWK 10 eliminates these costs and environmental hazards by breaking down the autofluff with its patent-pending high-frequency microwave technology. The microwaves gasify the materials -- a process also known as "cracking the hydrocarbon chain" -- and convert them into 80 percent light combustible gases, and 20 percent oil. The gas is then cycled in a closed-loop system to fuel the next round of material breakdown, without emitting any harmful waste. The alternative renewable energy system delivers sizable savings in four ways:
-- Combustible gases and fluids to energy
-- Approximately 65% reduction of land fill tipping fee
-- Additional metallic material captured
-- Alternative energy tax credits
"We expect Gershow Recycling to capture a full return on their investment within one year of use, thanks to HAWK 10's incredible efficiency, and its ability to lower expenses and recover profit," says Frank Pringle, CEO of Global Resource Corp. "Gershow's agreement to implement the HAWK 10 is an excellent example of their forward-thinking, tech-savvy approach to recycling -- one its entire industry should emulate to fight global warming. We're on the cusp of an energy revolution in our country, and alternative energy technology such as ours offers a clear way to cheaper, cleaner fuel, and higher profits."
ABOUT Global Resource Corp.
Global Resource Corp. has a patent pending process that allows for removal of oil and alternative petroleum products at very low cost from various resources, including shale deposits, tar sands, waste oil streams and bituminous coal with significantly greater yields and lower costs than are available utilizing existing known technologies. The process uses specific frequencies of microwave radiation to extract oils and alternative petroleum products from secondary raw materials, and is expected to dramatically reduce the cost for oil and gas recovery from a variety of unconventional hydrocarbon resources. GBRC's technology will not only be developed to extract oil from shale, but from depleted oil fields in the US and elsewhere, many of which still contain more than half of the hydrocarbons originally in these fields, because the residual hydrocarbons are too viscous to extract with conventional technology.
This news release contains forward-looking statements regarding Global Resource Corp's business strategies and future plans of operations. Forward- looking statements involve known and unknown risks and uncertainties. The forward-looking statements contained in this news release speak only as of the date hereof and Global Resource disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in Global Resource's expectations or future events.
Press contact: Company contact:
Matt McLoughlin Frank Pringle
Senior Account Executive CEO
Gregory FCA Global Resource Corporation
27 West Athens Avenue Bloomfield Business Park
Ardmore, Pa. 19003 408 Bloomfield Dr. Unit 3
Main: 610.642.8253, ext. 129 West Berlin , NJ 08091
Mobile: 610.996.4264 Main: 856-767-5661
Matt@GregoryFCA.com
FPringle@GlobalResourceCorp.com