Growth in the world market for carbon has been behind a recent spate of world visitors to the see for themselves the world-first Australian process developed by Green Distillation Technologies that recycles end-of-life tyres into oil, carbon and the steel rim and beading of the tyre.
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 has already sold the oil they expect to obtain from old tyres recycled in their planned Toowoomba plant using their unique Australian technology.
GDT Chief Operating Officer Trevor Bayley said he welcomed the announcement of a Queensland Government grant to Southern Oil of Gladstone to help fund their refinery facility and performance trials of the oil from recycled tyres using a Scania V8 test engine.
International interest in the unique Australian tyre recycling technology of Green Distillation Technologies has always been high.
Over the past ten days we have welcomed visitors from Pakistan, South America and Malaysia to our Warren facility where we turn end-of-life tyres into oil, carbon and the steel beading.
Green Distillation Technologies Chief Operating Officer Trevor Bayley gives an update on the progress of their planned Toowoomba tyre recycling plant in this interview for ABC Radio with David Chen.
The interview is reproduced here courtesy of ABC Radio Toowoomba.
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
