GLOBAL RESOURCE CORP (GBRC.PK) stock rises 17% Monday afternoon as 167,000 shares were traded.Investors reacted positively to news that GBRC’s energy conversion process has been proven to produce oil and vast amounts of combustible gas from recycled plastics. The conversion machines is able to process 5-20 tons of material per hour, depending on the model, and can generate up to 18 times more energy than what is used to fuel the machine.
This new technology will enable both scrappers and recyclers to convert plastics and rubber to oil and combustible gas, while reducing waste up to 65%. Their unique process is recognized by the Department of Energy as one that can potentially allow the United States to rely on its own energy deposits and eliminate the nation’s dependence on foreign oil.