Global Resource signs research agreement with Penn State University

By siliconindia   |   Friday, 14 December 2007, 17:56 IST
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West Berlin: Global Resource, the developer of a patent-pending microwave technology and machinery for extracting oil and gases, announced that it has signed a research agreement with Professor Dinesh Agrawal of Pennsylvania State University. The University is a nationally recognized authority of microwave technology, to conduct research on the commercialization of its patent-pending microwave technology to extract hydrocarbons from oil shale. Dinesh Agrawal is professor of materials science and Director of the Microwave Processing and Engineering Center at Penn State. "We are looking forward to work with Professor Agrawal and Penn State on proving the commercial viability of microwave technology for extracting hydrocarbons from oil shale in a cost-effective and emissions-free process," said Frank Pringle, Chairman, General Resource. "Unlike the existing technologies for extracting energy from oil shale, microwave technology uses less energy and is, therefore, more efficient. Also, due to the vacuum process, there are no CO or CO2 emissions," Pringle added. Pringle noted that in a report released on July 17, the U.S. Department of Energy profiled Global Resource and its microwave technology for oil shale recovery as a company that could possibly help to make the U.S. energy independent. In addition, Popular Science Magazine selected Chairman Frank Pringle as a 'Green Tech Innovator' and Global Resource's microwave technology as one of its 'Best of What is New '07.' Time Magazine also selected the company's microwave technology as one of the 'Best Inventions of the Year' because of its ability to pull fuel out of shale rock, tires and even plastic bottles. In its annual round up of 'Best Inventions of the Year,' Time Magazine selected 46 inventions in 12 categories, from cars and buses to health. Global Resource's microwave technology is included in the environment category.