SNRG Going Green And Still Under The Radar.
This year I’m looking for a couple of things in my investments. The first is to make a decent return and the second is to find companies that can help the environment. I think I’ve found both with SNRG Corporation (Public, OTC:SNRG).SNRG Corporation started out as a gas and oil company that has morphed into a recycling company. Run by CEO Elroy Fimrite, SNRG has come up with a new way of dealing with old tries. Maybe you saw on the television show 60 minutes a few months ago that old tires are the world’s biggest pollution source, and there are piles of them are lying all over the world. They are often shipped to countries like Indonesia and China where they are burned adding more pollution to the atmosphere.
A few months ago SNRG released news about the 90 million dollar facility they acquired in Texas for $20 million. This will allow them to start processing tires very soon. They also have an exclusive North American Technology Agreement for their process.
SNRG has extensive rubber recycling equipment and predicts that they will rapidly establish production of devulcanized rubber at a rate of 80 million pounds per year. Fimrite has stated that SNRG expects to achieve significant revenues from rubber devulcanization by the second quarter of 2010 and from gasification by the forth quarter of 2010.
Like I said, this year I would like to make some money while investing in companies that are helping our planet, and I believe what SNRG is doing is world changing. After talking with Fimrite I also believe that SNRG is a company that is going to take recycling to the next level.
what happens to the metal in the tire that has heavy metals that are poisonious to humans and life on the planet when heated? We have recycled tires with just electricity and no effluents where the metal is not heated and can be recycled as metal. RUBR is under the wire too. So far.
Hi Mike,
I just noticed this article about SNRG and I’m happy to hear that people are taking an interest in the company. I am working with SNRG to get them in the public eye as you probably guessed by my website, so I believe I can help to answer your question.
The process they use to recycle the tires, or any other waste material, is quite extensive. There are multiple phases to the process, and to describe it to you best I will simply copy the information directly from the SNRG homepage: http://web.me.com/tomdotdom27/SNRG/SNRG.html
EnviroPark: Phase 1 Waste Reforming Process
Feedstock (Waste) Blending:
• De-Manufacturing- Extracts (Virgin Equivalent) recoverables.
• Grinding and blending-Creates consistent particle size.
• Water Adjustment- Creates consistent water content.
• Hydro-carbon Adjustment- Creates consistent Syngas volume.
Gasification:
• Primary gasification: 2-3000ºc separates organic/inorganic.
– Inorganics tapped off as liquids (metals and inert glass slag).
– Organics produce Syngas and various trace gasses.
• Secondary gasification: 5-8000ºc cleans gas stream.
– Trace inorganics tapped off, gasses 100% purity certified.
– Concludes reforming-materials are no longer waste.
EnviroPark: Phase 2 Materials Manufacturing Process
• Refining:
– Separates and cleans molten metals, pours Ingots.
– Separates gasses by M. Weight and compresses.
– In-line gas analysis and purity certification.
• Chemicals Manufacturing
– SynGas Compression and Sale
– SynGas GTL Conversion to Jet fuel or Other Liquids
– Split Syngas to yield Hydrogen and Carbon Monoxide
Chlorine to HCL
Hope that helps, and there is much more information on their site if you are interested in learning more so please check them out. Also, the President and CEO Elroy Fimrite can be contacted directly through email which you will find on their site.
~ John Preston
I believe that this is the company that used to be Texen Oil and Gas and their stock cratered big time. As a former shareholder, I was never notified of any shareholders meetings, how the company was doing or the fact that the company was going under. I was left with useless stock! Worth $0. Hope you do better with SNRG then I did with Texen!