Australian tyre recycler Green Distillation Technologies, which has world first technology that turns end of life tyres into oil, carbon and steel has issued an assurance that their business plan is coronavirus resistant.
CEO Craig Dunn said that cars and trucks as still being driven and tyres are still being worn out and there will continue to be a need for environmentally sensitive recycling to be carried out for the annual 25 million end of life tyres that Australia produces each year.
“In addition, the Federal Government’s ban on the export of whole tyres that comes into effect from the end of 2021 will create an excess in the Australian market far beyond existing capacity and will cause increased demand for our tyre recycling services.
“It is important in this current environment of pandemic risk to understand the health risk associated with the inappropriate management of end of life tyres.
“Tyre Stewardship Australia states in its Annual Report that less than 1 in 10 tyres is recycled in Australia. Invariably Australian end of life tyres are exported whole to poorer Asian Countries where they become a breeding ground for Dengue Fever, Ross River Fever and other diseases. It is globally important that management of end of life tyres is addressed by Governments and industry to deal with these health risk issues.
“We are sympathetic for those businesses impacted by the coronavirus upheaval, like the travel and hospitality industry, and our thoughts are with our COO Trevor Bayley who is currently on his way back from South Africa, and he will then face 14 days of home quarantine.
“Trevor’s trip was concerned with negotiating a commencement of the construction of the first of five plants in South Africa, following an agreement we have for five processing facilities in that country.
“In addition, we have an agreement for ten plants in the United States in a deal worth $US100 million.
“In Australia, our priorities remain the same as we press forward to raise the $30 million we need to bring our existing Warren facility to full production and build the Toowoomba tyre recycling plant for which we have all the Government approvals in place.
“Our expansion plans are then for five more plants in Australia proposed for Gladstone, Wagga, Geelong, Elizabeth and Collie, which will give us the capacity to handle 30% of the Australian end of life tyre volume,” he said.
Craig Dunn said that their fund raising had been given a boost by the recent move by the Motor Traders Association of Queensland to become an investor.
“This is an important milestone for us as the MTAQ represents some 15,500 employers in the retail, repair and service sectors of Queensland’s automotive/mobility industry, employing in excess of 90,000 people that generate more than $20 billion annually.
“Their investment is a reflection on the maturity of their industry and their management to take responsibility of the need to recycle the products they sell,” he said
Released for Green Distillation Technologies by Dennis Rutzou Public Relations (www.drpr.com.au)
For further information please call or Dennis Rutzou on 0411 510 888.