Plateau Mineral Development, Inc. (PMDP)

[KrakenTaken]

Nice after hour news, just added another revenue stream... This is solid


Plateau Mineral Development, Inc. Projects Significant Carbon Black Revenue

WINSTON-SALEM, N.C., Jan 25, 2010 (GlobeNewswire via COMTEX) -- Plateau Mineral Development, Inc. (Pink Sheets: PMDP) issued a statement today discussing carbon black as a revenue source from the converter process. The converter can accept items such as truck tires, dead wood, plastic, Styrofoam, etc. to create solvent, natural gas and carbon black.

Three-hundred million tires are discarded annually. The average tire weighs 22.5 pounds. In small quantities, the truck tire feed stock cost is about $300/ton "chipped" and each ton produces 1.3 bbl of solvent. The same ton also produces 900 lb of carbon black. Carbon black can be sold for about $2 to $3 per pound; therefore one ton of "chipped" tires will produce approximately $2,250 worth of carbon black.

Robert Matthews of Plateau Mineral Development, Inc., states, "The carbon black itself adds significantly to the revenue stream and is used in batteries, extruder plastics, paint pigment, rubber manufacturing and filtration mechanisms. If all of the annually discarded 300,000,000 tires were converted to carbon black, then the carbon black itself would produce, at current prices, sixty billion ($60,000,000,000) dollars."

This news release was distributed by GlobeNewswire, www.globenewswire.com