WARWICK, N.Y. (DTN) -- Planet Resource Recovery has completed the acquisition of American Biodiesel Fuels Corp. through the execution of a share exchange agreement, the two said in a news release Monday.

Planet Resource is a petrochemical/oil services company that has developed a proprietary chemical that dislodges hydrocarbons in most natural and man-made environments. The company's flagship product, PetroLuxus, and its derivative product lines break hydrocarbon chains on a molecular level for cost-effective remediation and recovery of petroleum products. The company's prospective markets for remediation and recovery include oil tank farm cleaning, marine ship cleaning, oil sludge pits, contaminated soil/oil spills and biodiesel/waste oil segregation.

Back to Media Center