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Planet Resource Recovery, Inc. Introduces Solution to Remove Chlorides From Crude Oil
Planet Resource Recovery, Inc. Introduces Solution to Remove Chlorides From Crude Oil.
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[{"type":"text","content":"\nPlanet Resource Recovery, Inc. Introduces Solution to Remove Chlorides From Crude Oil\n\nPlanet Resource Recovery, Inc. Introduces Solution to Remove Chlorides From Crude Oil\n\n\n HOUSTON, TX--(Marketwired - June 02, 2016) - Planet Resource Recovery, Inc. (OTC PINK: PRRY) announced today that it has completed development and introduces a new chloride reducing solution for the Oil & Gas Industry. This new product line provides an economical solution for the Oil and Gas producers around the globe that harvest high chloride count crude oil. For a cost of less than $1 per barrel, Planet Resource can increase the price of this oil by $5 to $15 per barrel.Planet Resource has been working with PEMEX (Petroleos Mexicanos) technical staff to develop a solution to reduce the high salt content in its Mayan crude stream. High salt content crude oil is penalized $5 to $15 per barrel from the spot market price. This is due to the severe problems that arise in the refining process. The corrosive nature of salt fouls, deteriorates metals and plugs equipment contaminating the refining process. Working with PEMEX to provide a chemical solution to enhance their desalting system, Planet Resource developed ChloroLuxus. This is a salt reducing solution that is an environmentally friendly blended compound designed to reduce chlorides in Crude Oil streams. ChloroLuxus breaks the interfacial tension in heavy crudes allowing the entrained chlorides in a crude oil to move out of the heavy crude oil stream via the entrained and suspended water which is shed into a water phase. Additionally, ChloroLuxus has shown to increase API Gravity, reduce BS&W, reduce H2S and de-gas entrained gases. PEMEX produces approximately 600,000 BBLs of Mayan crude oil a day that is heavily laden with chlorides. PEMEX developed a mechanical system to reduce the high chloride content. Due to the maturing of the oil field and increased salt water intrusion, PEMEX is no longer able to achieve the target of 50 PTB (Pounds per Thousand Barrels) or less using its system. With the use of ChloroLuxus, we were able to achieve chloride levels of 12 & 13 PTB. This is a significant reduction to PEMEX's target of 50PTB.Enrique M. Salinas III, President & CEO, stated, \"The development of ChloroLuxus is a milestone. This solution can be a significant benefit to Oil produce...