A lot has been happening since our last newsletter in May this year. In this month’s edition of the GDT newsletter we look at upcoming media coverage by Channel 10’s “The Project”, further overseas business opportunity news, various technology updates and more.
The Project
Channel 10’s The Project contacted us in August with a request to feature our process in a series on recycling and related businesses.
We, of course, agreed and their “Senior Shooter” made the pilgrimage to Warren on a Friday in early September.
He says he was ‘blown away’ by the experience and has some good footage for the segment. He was particularly impressed by Denis and our two main men, Nathan and Farhad. A top up interview with COO Trevor Bayley in Melbourne completed the file for editing.
It is due to be broadcast on Tuesday 24th September at 6.30pm, the usual time slot for that programme, although it is subject to the possibility that it could be held over if another big news story breaks late in the day.
South African MOU
We have been contacted by a number of enterprises from South Africa over the last 18 months as it seems that the tyre issue has become a little difficult to manage in that country. The Government had made a serious attempt to get into the market but that fell by the wayside through apparent ineptitude and rumoured corruption.
Finally contact has been made from a company that is seriously interested which has culminated in a joint MOU to develop the GDT technology in Southern Africa to begin with. Volco Power have an intent to build 5 GDT plants as a start with a view to looking at the rest of Africa in due course.
Carbon Improvement
By coincidence our representative in the USA, John Lyons, discovered a technological breakthrough in New Zealand and as a result we entered into discussions with the company concerned.
We are in the process of signing another joint MOU and until that is completed it is best to keep their identity commercial in confidence. Suffice it to say that their patented technology has been used at the test level to process our carbon product into high quality, high value graphite, targeted at the battery industry.
This is a growing market with shrinking supply from fossil sources and a very exciting step forward for GDT. The MOU is timed to be completed by the end of September in time for an announcement at the AGM on October 4th.Whilst on the subject of John Lyons he is tireless in his efforts to secure a partner and funding to build a GDT plant in Philadelphia or surrounding regions. He also has secured serious interest from another party in Texas. Whilst it is very early in the GDT roll out plan, having these serious enquiries is a boost to our profile and allows us to look to broader horizons.
Thermal energy
The programme we announced a month or so ago to convert thermal energy into electrical energy is proceeding well. The panels are being manufactured and assembled and should be ready for shipment to us by the end of this month.
Our new electrician, Vani, is ready to make the trip to Warren to supervise their installation and commissioning so that we may begin the task of data collection for the manufacturer/supplier as agreed.
Tyre supply contract
One more MOU is in the process of being drafted. This time it is for the supply of end-of-life tyres to Warren from the whole of NSW.
Again, until the MOU is signed and formalised we will keep the details commercial in confidence.
The company concerned has capacity to supply two thirds of the Warren plant requirement and is looking at growing into the collection space to include Northern Victoria and Southern Queensland.
Energy from Waste speech
Once again GDT has been asked to make a speech at a Waste industry forum.
This time it is the Waste Summit/Waste Expo Australia to be held in Melbourne on 23rd/24th October. Our COO, Trevor Bayley, will once again be in the spotlight from 4;30 pm on 24th so if you’re near the Melbourne Exhibition centre come along and say hello.
Warren school children learn about tyre recycling first hand
The first group of school children to visit the GDT tyre recycling plant at Warren were able to see first-hand how our world first process is able to turn end-of-life tyres into oil, carbon and steel.
The group, from the Warren Central School examined the oil, carbon and the steel tyre reinforcing and beading that are recovered from the processed tyres and learned how the oil can be refined into petrol, diesel, jet fuel and other petroleum products, the carbon used in a myriad of products from printers’ ink to cosmetics and the steel going for scrap or used by the tyre manufacturer in new tyres.
Warren Central teacher Abdullah Zayied said that the school visit was instructional as the children are studying resource management and recycling and this visit was an opportunity to see how it works in practice.
