Global Resource announced that it formed a Pennsylvania based subsidiary, Pa. Energy Resources, Inc., to manage operations in the state. The company is currently pursuing projects for research, alternative energy recovery and commercial energy production in the energy-rich state of Pennsylvania, and is working towards tapping into the energy potential of coal, dredge, tire and capped oil wells
Frank Pringle, CEO of Global Resource Corp., stated, “Pennsylvania holds vast amounts of natural resources that, using our process, could be cleanly and efficiently turned into energy for the United States’ own consumption. Pennsylvania is the birthplace of our country’s independence, and the first state in the United Sates to harvest oil. The state’s energy deposits could help bring our great nation energy independence”
The company has been in discussions with state and local government officials, as well as commercial interests, to win access to the state’s energy deposits and funding. Global Resource’s patent-pending technology could dramatically change the recycling industry as it converts shale, tar sands, residual oil, coal, plastics and other resources into oil and combustible gas without releasing harmful emissions or other by-products.
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