Media Release Archives
Tyre recycler Green Distillation Technologies, which operates a processing plant at Warren in Western New South Wales and is in the capital fund raising stage for another in Toowoomba, Southern Queensland, will conduct the first industrial trials of a revolutionary new thermoelectric device from the United States which converts heat to electric power.
The decision by the Queensland Government to not support a Resource Recovery Grant for the proposed Toowoomba tyre recycling plant has placed the project in jeopardy according to Green Distillation Technologies Chief Operating Officer Trevor Bayley.
Bringing their first tyre recycling plant at Warren, New South Wales up to full production is a priority for Green Distillation Technologies following the recent awarding of Environmental Permission by the New South Wales authorities.
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.
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.