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.
The eminent group of twenty will come in groups on a separate day and as well as Australian investors, there will be one representing Chilean interests and another for Egypt, who are investors who want to bring the GDT tyre processing technology to those countries.
During the day, they will hear a presentation from Technical Director Denis Randall, the Warren-based inventor of the process, about the unique technology, inspect the working plant, which currently operates on one module, not the six required for commercial operations and have a lengthy Q&A with Chief Executive Craig Dunn and Chief Operating Officer Trevor Bayley.
Among the recent highlights they will cover will be the nomination of GDT, in company with carbon enhancer Carbonscape, in the prestigious Environmental Achievement of the Year category in the annual Tire Technology International Awards, as well as the agreement worth up to US$100 million for ten plants in the United States and a $50 million deal for five tyre recycling facilities in South Africa.
Trevor Bayley said: “Our Technical Director Denis Randall, who developed our process, has long advocated that ‘Resource Recovery’ is the key to successful recycling and that direction, which we are taking, will be emphasised on the day.
“What we have achieved so far is a world breakthrough and we believe that in time our technology will eventually become the preferred means of recycling old tyres throughout the world,” Trevor Bayley said.
Released for Green Distillation Technologies by Dennis Rutzou Public Relations (www.drpr.com.au)
For further information please call or Dennis Rutzou on 0411 510 888.