A US tyre recycling company has increased its commitment to Australian technology by doubling the number of plants they are proposing to build.
The original agreement provided for ten tyre recycling facilities across the United States, but this number has now increased to fifteen with construction of three key ones to commence as soon as the agreements and Government approvals are obtained.
Tyre recycler Green Distillation Technologies, which has world-first technology that turns end of life tyres into high value oil, carbon and steel, has reasserted its commitment to build a plant in Toowoomba.
GDT’s Chief Operating Officer Trevor Bayley has said that they had expected to start construction last year after they had received approval from the Toowoomba Regional Council and a licence from the Queensland EPA, but the project has been delayed in raising the finance to fund the $12 million required to get the plant operational.
Australian tyre recycler Green Distillation Technologies, which has world first technology that turns end of life tyres into oil, carbon and steel has issued an assurance that their business plan is coronavirus resistant.
CEO Craig Dunn said that cars and trucks as still being driven and tyres are still being worn out and there will continue to be a need for environmentally sensitive recycling to be carried out for the annual 25 million end of life tyres that Australia produces each year.
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.
