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.
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.
This article was originally published by Shahrzad Pourriahi at http://drupal.prod.european-rubber-journal.com/news/recycler-warns-massive-gap-australias-elt-processing-capacity and is reproduced here with permission.
Warren, New South Wales — Australian recycler Green Distillation Technologies (GDT) has warned that a new government decision to ban the export of whole end-of-life tires (ELTs) could leave the country with a “massive gap” in recycling capacity.
“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.
GDT Chief Operating Officer Trevor Bayley was a speaker at the 2019 Waste Expo, which was held in Melbourne in late October.
This year the event attracted record crowds, which is a reflection of the increasing public interest in waste and recycling and promises a great future for a company like Green Distillation Technologies which has world first technology that recycles old tyres into valuable oil, carbon and steel.
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.