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Friday, July 30, 2010 2:33:50 PM
Press Release
Source: 310 Holdings Inc.
On Thursday July 9, 2009, 9:00 am EDT
NIAGARA FALLS, Ontario, July 9, 2009 (GLOBE NEWSWIRE) -- 310 Holdings Inc. (OTCBB:TRTN - News) today announces it is filing a patent application to protect the Company's Plastic2Oil process and technology.
310 Holdings Inc. has developed a process to break down plastic molecules in order to extract fuel from plastic: Plastic2Oil. This procedure utilizes a process and catalyst that is not presently commercialized.
John Bordynuik, 310 Holdings Inc. President and CEO said, "As soon as our patent application has been accepted by the USPTO and as soon as we receive the gas chromatograph, we will demonstrate our technology on a small scale with our small Plastic2Oil processor. We believe this will adequately disclose and affirm the viability of our Plastic2Oil process by exhibiting the low processing time and high yield."
The Company is looking forward to the following schedule of events:
* July 14, 2009: The gas chromatograph is scheduled to arrive at 310 Holdings Inc.
* July 15, 2009: Anticipated closing date of Asset Purchase Agreement from John Bordynuik Inc.
* July 16, 2009: Large Batch Plastic2Oil Processor Machine leaving port from China to North America
* August 1, 2009: 310 Holdings Inc. is scheduled to receive the keys for our new Massachusetts office at 500 Technology Square, Cambridge, MA.
* August 13, 2009: Anticipated arrival date of Large Batch Plastic2Oil Processor from China.
"We are very excited to have our own in-house analysis lab so we can dynamically change the variables within our small processor to quickly perfect the process and determine processing time and yield," said Mr. Bordynuik.
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.
[...]
http://finance.yahoo.com/news/310-Holdings-Inc-Files-Patent-pz-2150333646.html?x=0&.v=1
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