Monday, July 13, 2009 10:33:50 AM
Press Release:
Plastic2Oil Comes to Palm Springs
A solution to the tons of plastic disposed of daily by residents of the Coachella Valley is coming to Palm Springs.
Plastic2Oil is a revolutionary new technology that converts waste plastic to oil. The oil needs minimal refining in order to enter the diesel fuel market.
Plastic2Oil Palm Springs is currently looking for a suitable site, and is scheduled to break ground in January 2010.
All construction will be performed by local companies. The company will recruit all management, and employees from local residents of the Coachella Valley.
Hans Brost, the CEO of Plastic2Oil Palm Springs, is quoted as saying. "We are extremely pleased to do our part in decreasing landfill waste, putting local residents to work, and solving this ecological problem".
In order to put this technology into production, Plastic2Oil Palm Springs Inc. will purchase a franchise from the parent company, 310 Holdings, Niagara Falls, Ontario, Canada. (Stock Symbol: TRTN).
310 Holdings CEO John Bordynuik is quoted as saying:
By integrating this technology into a large batch processor, the Company believes
that it can accomplish the following:
* Approximately one liter of fuel is extracted from a kilogram of
plastic.
* The gas byproduct provides the energy necessary to fuel the process
thereby eliminating energy costs.
* Due to our catalyst and a highly optimized process, fuel can be
extracted in four hours from a large source of raw unwashed, mixed
plastics.
* Raw plastic materials can be acquired in many forms at little or no
cost.
Contact:
Plastic2Oil Palm Springs Inc.: Hans Brost: 760 329-5700
310 Holdings Inc: 905 354-7222
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