Australian tyre recycler Green Distillation Technologies has signed a deal to build its first plant in the USA in an agreement that will provide up to US$100 million of funding for the roll out of additional US plants subject to the successful operation of the first one.
GDT’s Chief Operating Officer Trevor Bayley says that the deal comes as the result of a considerable amount of work to negotiate an effective and workable agreement in the light of numerous US enquiries about the company’s technology, which recycles end-of-life tyres into oil, carbon and steel.
“The US, like most countries around the world, has a significant old tyre disposal problem and generates in excess of 250 million end-of-life tyres a year,” says Bayley. “In contrast, Australia reaches 25 million, but the number of old tyres are increasing fast in India and China and the world total is now in excess of one and a half billion a year.
“In the light of this burgeoning environmental disposal problem our approach provides a recycling solution as we turn a problem into valuable and salable materials.
“For example, our oil has been described as light crude, which is low in sulphur and easy to refine into petrol, diesel, jet fuel and other petroleum based products.
“The carbon we produce is a high-grade product that has massive potential for sale as carbon, in the form of carbon black. This is one of the world’s most widely used chemical building blocks in many products ranging from tyres, plastics and paints, water filtration, printer’s ink, paint, electrodes, graphene, toothpaste and cosmetics including eyeliner, mascara, nail polish, eye shadow, blushes, rouge and lipstick,” says Bayley.
Bayley went on to highlight the company’s domestic progress, which will see its processing plant at Warren in Western New South Wales reach full production in 12 months and the second facility in Toowoomba, South Queensland, reaching full operation in 18 months. The projected cost of these two facilities is $20 million.
Green Distillation Technologies
03 9826 2335