It has been drawn to our attention that in our media release of 27 May we inadvertently stated that the New South Wales Environment Licence, which was issued to Green Distillation Technologies, was under a new regulation.
This was incorrect as it was actually issued under the existing regulation.
We apologise for this error and the purpose of this correction is to put the record straight for the future.
Craig Dunn, Chief Operating Officer, Green Distillation Technologies
Tyre recycler Green Distillation Technologies, which has developed world-first technology that transforms old tyres into oil, carbon and steel, has received environmental approval for their Warren, New South Wales plant and building development approval for their proposed Toowoomba plant.
GDT’s Chief Operating Officer Trevor Bayley said that the New South Wales Environment Licence was issued under a new regulation that recognized the uniqueness of their process, while the Toowoomba Development Approval came from the Toowoomba Regional Council and included all the other Government approvals needed to move ahead and build the plant.
“After that, the final hurdle we face is the Queensland Government resource recovery grant that we have applied for to help us fund the $10 million construction bill and when that comes through we could start preparatory work on the site within two months of the announcement.
“That plant will employ 14 to 18 people full time, as well as local contractors during the construction phase and create further jobs in the transport associated with collection of old tyres from retailers and other outlets.
Trevor Bayley said that the oil they obtain from recycling old tyres will go to the newly built Northern Oil refinery at Gladstone, North Queensland where it is the vital raw material in the Queensland Government plans to create an environmental fuels hub.
“The oil is regarded by Northern Oil as ‘light crude’ that is low in sulphur and easy to refine into petrol, diesel or jet fuel and GDT has a firm contract from them to take all the oil we produce anywhere in Australia and this also applies to oil from our plant in Warren, Western New South Wales.
“With our Warren facility we have applied to the local council for a permit to expand the tonnage of tyres we can process at the site to 25,000 tonnes and we are confident that the request will be granted soon as we have enjoyed an excellent co-operative relationship with the Warren Shire Council since we established our first tentative test laboratory in the area ten years ago.
“In the case of our Toowoomba facility we see that we can play a key role in their plans to develop the area as a major road and rail transport hub as recycling the old truck tyres will be a vital component of this,” Trevor Bayley said.
The tyre recycling plant will be built at the Wellcamp Business Park, near Toowoomba Airport and when completed will process approximately 700,000 old tyres per year into eight million litres of oil, 7700 tonnes of carbon black and 2000 tonnes of steel.
GDT plans to eventually establish 7 processing plants in Australia to handle the 25 million old car and truck tyres we discard each year and the potential for export of the technology is limitless and they are currently responding to enquiries to establish plants in the United States, the United Kingdom, Japan, Middle East, Africa, Pakistan, Russia and New Zealand.
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.
Tyre recycler Green Distillation Technologies, which has developed world-first technology that transforms old tyres into oil, carbon and steel, has received approval for their proposed Toowoomba plant from the Queensland Department of Environment and Science.
GDT’s Chief Operating Officer Trevor Bayley has said that they expected the actual development approval for construction of the plant to come before the Toowoomba Regional Council before the end of the month.
Green Distillation Technologies, an Australian unlisted public environmentally friendly tyre-disposal firm, is close to finalizing an AUD 20m (USD 14m) capital raise to complete construction of local plants but is receptive to further approaches from investors or advisors for global plant development opportunities, CEO Craig Dunn said.
The Melbourne-based company is in advanced discussions with two unnamed Japanese trading houses it has been negotiating with for some months as well with an unnamed Australian party to raise AUD 20m in debt and new equity, Dunn said.
Tyre recycler Green Distillation Technologies, which has developed world-first technology that transforms old tyres into oil, carbon and steel, has moved to try and remove some of the confusion about how their process is described.
Their Chief Operating Officer Trevor Bayley has said that many people have described their process as ‘pyrolysis’ although there are very significant differences between what they do and what most people understand pyrolysis to be.
The projected estimate of more than one million old tyres in the Toowoomba area will create a massive environmental problem according to Trevor Bayley, the Chief Operating Officer of Green Distillation Technologies, the Australian company with world-first technology that can recycle end-of life tyres into oil, carbon and steel which is planning to open a plant in Toowoomba next year.
“End-of-life-tyres are one of those environmental problems that we seem to choose to ignore, but if you start to imagine what one million old tyres will look like you start to understand where we coming from.
Green Distillation Technologies, the Australian company with world-first technology that can recycle end-of life tyres into oil, carbon and steel and is planning to open a plant in Toowoomba next year, will hold their Annual General Meeting at the Burke & Wills Hotel, 554 Ruthven Street, Toowoomba, on Tuesday, 30 October.
The following story was originally published at https://www.mergermarket.com – republished here with permisson:
Green Distillation Technologies, an Australian unlisted public environmentally friendly tyre-disposal company, is exploring options, including an IPO, to build plants and sell its technology in global markets, Chief Executive Officer Craig Dunn said.
The Melbourne-based company is investigating opportunities in multiple countries in markets like the US, UK and the Middle East, Dunn said. It has its own unnamed lawyers assisting but is happy to hear from advisors with opportunities and suggestions, he said. Read More
World-first tyre recycling technology developed by Green Distillation Technologies is on display as part of the Innovation Wall at the Recycling Discovery Hub which has opened at the Materials Recycling Facility at 1 Recycling Road, Hume, ACT.
The display is part of a showcase of new technology solutions and shows a section of tyre, examples of the oil, carbon and steel that are created as a result of the GDT destructive distillation process.
The Innovation Wall exhibition is permanent and allows school and community groups to receive tailored education programs and understand waste and recycling activities that are undertaken in the ACT.
After a further pre-lodgement meeting in Toowoomba yesterday with Queensland Government officials plans for construction of the plant to recycle old tyres into oil, carbon and steel are on track for commissioning of the first module next April.
The plant will be operated by Green Distillation Technologies, an Australian company that has developed a unique process that will recycle old tyres into valuable oil, carbon and steel, which makes it an outstanding example of the ‘circular economy’.
The plant is expected to process 19,300 tonnes, or a mix of 658,000 car and truck tyres per year, to yield approximately 8 million litres of oil, 7,700 tonnes of carbon and 2,000 tonnes of steel.
