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The Motor Traders Association of Queensland (MTAQ) has become an investor in innovative Australian tyre recycler, Green Distillation Technologies Corporation (GDTC), which has discovered a process that turns end-of-life tyres into high value oil, carbon and steel.
A group of top financiers will visit the Green Distillation Technologies tyre recycling plant at Warren in Western New South Wales on February 3, 4 and 5 to see for themselves the world first technology that turns old tyres into valuable oil, carbon and steel.
The aim is for GDT to raise $30 million in new investment funds to bring the Warren facility to full commercial output, build the planned Toowoomba plant and pay the initial set-up costs of building the first US facility.
Australian tyre recycler Green Distillation Technologies and New Zealand’s CarbonScape have been nominated in the Environmental Achievement of the Year category in the annual Tire Technology International Awards.
The Awards, which are now in their twelfth year, are judged by an independent panel of journalists and independent experts who are familiar with the latest tyre industry developments around the world. The Awards will be announced at a gala dinner at the Tire Technology Expo in Hannover, Germany on February 26.
Green Distillation Technology has developed a world-first tyre recycling process that turns end-of-life car, truck and oversize tyres into high value oil, carbon and steel, while CarbonScape, based in Marlborough, New Zealand has developed patented technology turning sawdust and waste biomass into high purity, high value carbon products, including graphite.
The deal between the two innovative companies solves a global problem as one and a half billion end of life tyres are generated every year and that number continues to rise as annual world tyre production has now passed three billion.
While CarbonScape’s work on sawdust continues, it has been discovered that the carbon produced by GDT’s tyre recycling technology is highly compatible with CarbonScape’s own process for producing graphite.
Graphite is a non-metallic mineral and the most stable form of carbon. It is chemically inert, corrosion resistant with a high melting point of 3650°C and is a good conductor of electricity.
China is the world’s leading producer of fossil sourced graphite and its reserves are the second largest worldwide, behind Turkey. However, the industry is under significant environmental pressure due to its mining and purification techniques and CarbonScape presents a sustainable “green” alternative.
Graphite is defined as a ‘critical strategic mineral’ in the USA and Europe and global demand is growing at 5.8% p.a. to 4.2 million tonnes which was worth USD30 billion to 2018. Within the global graphite market, high purity graphite for Li-ion batteries is forecast to grow at a Compound Annual Growth Rate of 26% to 2029 with pricing estimates of USD5,000 per tonne.
As well as Li-ion batteries for use in electric vehicles and stationary storage, potential end use of high purity graphite includes solar panels, supercapacitors and other electronic applications.
GDT operate a tyre processing plant at Warren in Western New South Wales, which is where the work on the future co-development of graphite will take place and they are in the capital fund raising stage. Their second commercial plant will be in Toowoomba, Southern Queensland, which has secured all the necessary Government approvals and they have plans for more plants in Wagga, Geelong, Elizabeth, Collie and Gladstone.
They have also signed an agreement worth up to US$100 million for ten plants in the United States and a $50 million deal for five tyre recycling facilities in South Africa.
GDT Chief Operating Officer Trevor Bayley said that the award nomination is pleasing as it is an international recognition for the team, which has developed innovative world first technology that could help solve a massive international environmental problem.
He said that the key to operating a successful recycling business in the era of the circular economy is to maximise the return received from the materials that are produced.
“We have a refinery contract for all the oil we produce as it is regarded as light crude and easy to refine into petrol, diesel, jet fuel and other petroleum products and of course the current world price for oil is very high. Our carbon is high quality and can be used in a variety of products such as printer’s ink, computer cartridges and even cosmetics.
“Now with Carbonscape and by enhancing the carbon to graphite we could sell it for multiples of the current price which is a very significant difference.
“Our Technical Director Denis Randall, who developed our process, has long advocated that ‘Resource Recovery’ is the key to successful recycling and the direction we are taking is consistent with those aims,” he said.
“What we have achieved so far is a world breakthrough and we believe that in time our technology will eventually become the preferred means of recycling old tyres throughout the world,” Trevor Bayley 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.
Australian tyre recycler Green Distillation Technologies, which has developed world-first technology that recycles end-of-life tyres into oil, carbon and steel, has signed a deal to build their first plant in the United States,
The agreement provides funding of up to US$100 million for the roll out of additional plants in the US, subject to the successful operation of the first one.
Simon Kriss has been appointed General Manager – Corporate Development of Green Distillation Technologies, an Australian start-up with world-first technology that recycles end-of life-tyres into oil, carbon and steel.
This is a new role in the company and he will focus on the go-to-market strategy and investor relations.
“The Government decision to ban exports of end-of-life whole tyres from the end of 2021 will leave Australia with a massive gap in our tyre recycling capacity,” according to Trevor Bayley, the Chief Operating Officer of tyre recycler Green Distillation Technologies.
“The Government announcement does not make an estimate of the total number of whole tyres that are currently exported as most that leave our shores are in the form of crumbed or chopped tyres and these are not included in the ban at this stage.
Tyre recycler Green Distillation Technologies, has appointed a US marketing agent to represent the company to the US tyre collection industry and equity funds.
Tyre recycler Green Distillation Technologies, has signed a deal with New Zealand’s CarbonScape to enhance the value of the carbon produced by its process, turning it into high value graphite.
GDT’s world-first tyre recycling process turns end-of-life car, truck and oversize tyres into high value oil, carbon and steel, while CarbonScape, based in Marlborough, New Zealand has developed patented technology turning sawdust and waste biomass into high purity, high value carbon products, including graphite.
Tyre recycler Green Distillation Technologies has made a new application for a Queensland Government Resource Recovery grant to help built a processing plant in Toowoomba.