Global conventional oil production is projected to peak and decline while global demand is projected to continue to rise, reaching a point where demand will likely exceed supply in the first half of this century. Rising imports of crude oil and refined products, and higher prices driven by rising demand, are already costing the U.S. economy billions of dollars per year. If not addressed soon, deteriorating global market conditions will result in even higher oil prices and reduced availability of light oil.

Global Resource Corporation has acquired technologies that apply microwave (RF) energy in an innovative, patent pending process which will potentially revolutionize the oil and gas industries and substantially increase worldwide production. GRC has identified and targeted seven (7) multi-million dollar oil and gas applications, one (1) cancerous tumor medical application, conducted hundreds of laboratory scale demonstrations and signed major oil companies & other industry related segments to secrecy agreements in evaluation of their products. Each of these potential partnerships will lead to contracts worth multi-million to billion dollars to Global Resource Corporation (GBRC:BB) in a relatively short time frame.

Microwaves interact with dielectric materials to generate heat by the agitation of molecules in an alternating electromagnetic field. In addition, focused microwave has a potential to obtain a more uniform distribution of heat compared with conventional thermal conductance from a heat source outside the material. Uniform heat distribution results in easier temperature control which in turn allow better control of the process, significant energy savings, and the desired end products.

GRC technologies (US patents applied #60/750098) are acquired from the Founder and CEO, Mr. Frank Pringle, who assigned them to GBRC. Global Resource Corporation (GBRC) is a bulletin board listed company that will develop partnerships with major oil companies and others to pursue each key market application. GRC’s microwave technologies have a wide range of industrial and mining applications that are mainly focused on the pyrolysis of organic materials, unconventional recovery of crude oil, fractionalization of the resulting gasses and cleanup of other environmentally harmful products.

GRC’s objectives are to build up competence in the field, develop new and improved existing products and processes, and establish collaboration network with suppliers, industry, and other research institutes. For instance, CRC microwave-based core technology can play a positive role in several environmental niches by economically recycling industrial chemicals, conserving usage or natural resources, improved diathermy medical equipment (for cancer treatment), and cleaning-up solid wastes.

The following market segments as illustrated in the pie chart below are Tires & TDF, Oil Shale, Coal, Stripper Wells, Heavy & Slurry Oil, Drill Cuttings, Dredge are covered in this business plan respectively. There is also an additional application for diathermy medical equipment described at the end of these chapters.