HOUSTON - May 28, 2015 - Planet Resource Recovery, Inc. (PINK SHEETS: PRRY) is pleased to announce the successful completion of presentations and training to four different entities from Mexico on the use of PetroLuxus� products in Mexico.. The presentations and application training were held in San Antonio, Texas on May 23 and 24. The application training encompassed: 1) PetroLuxus WC for the treatment of mature oil wells and waterfloods, 2) the use of PetroLuxus HC for the cleanup of oil spills, tank bottoms, sludge pits and pre-refining of heavy crudes, and 3) the use PetroLuxus H2S Scavenger on degassing oil storage tanks and natural gas production.
In August 2014, Mexican President, Enrique Pena Nieto signed into law Mexico's historic energy reform bill that will allow foreign companies access to oil & gas fields in the country. Additionally, the new law permits domestic private oil & gas firms to operate in direct competition with PEMEX. Prior to the law, private companies were only allowed to do work for PEMEX under service agreements.
The companies present at the application training have all provided services to PEMEX in the past. They represent the three main sectors of the Oil & Gas sector in Mexico; South, Central and North regions. These companies have provided PEMEX services such as down oil treatments, Oil tank storage cleanup, Environmental Cleanup, heavy crude pre-refining, etc.
Enrique M. Salinas III, President & CEO of Planet Resource commented, "Mexico presents a huge opportunity for the PetroLuxus� products. These private firms that attended the meeting have all worked in the Mexican Oil sector for years. After the presentation, the Mexican private entities expressed their belief that PetroLuxus products will greatly enhance their ability for down oil treatments, clean oil tanks, clean, lubricate and protect equipment, pre-refine heavy crude oil, and do it both economically and environmentally safe. One attendee anticipates becoming a dealer immediately upon legal counsel's review and approval of Planet Resource Recovery dealer agreements. We look forward to working with all of the attendees in the near future."
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