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.
GDT is an unlisted public company and as such the meeting will not be open to the public, but some shareholders from Melbourne and Sydney are expected to attend.
Construction of the proposed plant in Toowoomba is expected to commence later this year and when completed will 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.
The volume of valuable recyclable material produced by the process is impressive with a typical 10 kg car tyre yielding 4 litres of oil, 4kg of carbon, 2kg of steel, a 70kg truck tyre will provide 27 litres of oil, 28 kg of carbon, 15 kg of steel and 4 tonne oversize mining dump truck tyre 1.6 tonnes of carbon, 0.8 tonne of steel and 1500 litres of oil.
There is no shortage of raw material as end-of-life-tyres are a world-wide environmental problem with 1.5 billion tyres being discarded globally each year and Australia generating around 25 million disused tyres a year while the USA currently discards more than 250 million old tyres.
The plant is expected to cost $10 million to become fully operational and will employ 15 to 18 permanent staff in addition to local contractors. It will completely recycle the whole tyres and not cut or crumb the rubber, is expected to draw the stock of old tyres from the Toowoomba region and further west, which will be expanded with the completion of the new inland rail link.
The GDT ‘destructive distillation’ process recycles each tyre into oil, carbon and steel. The oil can be used as a heating fuel, direct into stationary diesel engines or is capable of further refinement into automotive or aviation jet fuel and other oil derived products.
The oil from the recycled tyres is described as a light crude which is easy to refine and is expected to go to the Northern Oil refinery at Gladstone in North Queensland.
The carbon is a high-grade product that has massive world-wide potential for sale as carbon, in the form of carbon black, and is one of the world’s most widely used ingredients in many products ranging from tyres, plastics and paints, water filtration, printers ink, paint, electrodes, graphene, toothpaste and cosmetics including eyeliner, mascara, nail polish, eye shadow, blushes, rouge and lipstick.
And the steel reinforcing mesh and beading of the tyre can be fully recycled as scrap or returned directly to the tyre manufacturers for reuse in new tyres.
Released for Green Distillation Technologies by Dennis Rutzou Public Relations (www.drpr.com.au)