I wonder whether Red Giant Plugins can be used in Adobe Premiere Elements?
I suspect not based on what you can read at the Red Giant Plug-ins web site and its compatibility listing
Premiere Pro CS6, CS5.5, CS4, and CS3 are shown but not Premiere Elements (any version). Among other things, video card choice may be a key factor. Just speculating. Best contact Red Giant support for verification unless someone here comes forward and says he/she has been there and done that.