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.
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.
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
