Freestone Resources Announces the Installation of Specialized Pyrolysis Equipment
DALLAS, TX--(Marketwired - November 10, 2015) - Freestone Resources, Inc. (OTCQB: FSNR) is pleased to announce that the specialized pyrolysis technology used in the process to make Petrozene has been installed on the campus of the Company's wholly owned subsidiary, C.C. Crawford Retreading Company, Inc. (CTR).
The complex equipment required a specialized installation team and site modifications in order to prepare for the processing of large quantities of rubber. Throughout the installation, CTR continued to build its chipped rubber inventory vital to the pyrolysis operations.
The installation of the machine is the first step in producing large quantities of Petrozene to meet the demand of current customers. The Company anticipates production capabilities of this machine to reach 126 gallons per hour. Freestone will now be able to work with its joint venture partner to expand its current market and enter into new markets worldwide.
About Freestone Resources, Inc.:
Freestone Resources is a Dallas, Texas based oil and gas technology development company. The continuing goal of the Company is to develop new technologies that allow for the utilization of our vast resources in an environmentally responsible and cost effective way. http://www.freestoneresources.com/.
About Freestone Dynamis Energy Products, LLC:
Freestone Dynamis Energy Products, LLC is a joint venture formed between Freestone Resources, Inc. and Dynamis Energy, LLC in order to operate specialized pyrolysis technology that will be utilized in the production of Petrozene.
Petrozene is a revolutionary solvent that has been shown to positively affect many aspects of the oil and gas industry; from production and storage to end cycle refinement. Used as an additive, Petrozene provides a cost-effective solution for dealing with tanker sludge, paraffin problems, storage tank maintenance, and more. Petrozene superior flow technology is hydrocarbon-based allowing for a non-contamination use in many aspects of the oil and gas production and refinement.
SAFE HARBOR STATEMENTS:
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release and other potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Source: Marketwired (Canada)
(November 10, 2015 - 9:01 AM EST)
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