Shares of Global Resource Corporation (GBRC.PK) are Up 6.06 Percent at Mid-day Thursday, as the Company Outlines its Gasification Technique
Global Resource Corporation (GBRC.PK) reports that the Company is working on a gasification technique to recover Resid Oil. The process has potential to unlock the wealth in the 400,000 capped wells in the U.S. GBRC will commence Phase II testing to produce valuable energy byproducts from resid oil, a material that remains after crude oil is distilled. The new tests will prove that the company's patent pending process can derive upgraded oil and gas from resid oil, drastically increase the price per barrel of the material and avail the possibility of producing oil from capped oil wells, which are now considered non-retrievable,…