Australian tyre recycler Green Distillation Technologies, which has developed world- first technology that turns old tyres into oil, carbon and steel, has signed an agreement worth up to $50 million to establish up to five tyre recycling plants in South Africa.
GDT does $50M (Aus) Deal to Establish Plants in South Africa
Volco Power Pty Ltd plans to build the plants in five of South Africa’s nine provinces depending on the volume of tyres available.
Although Volco is comparatively new, its predecessor Synchrona, which had the same directors as Volco, specialised in the conversion of mun...
GDT does $50M (Aus) Deal to Establish Plants in South Africa
Volco Power Pty Ltd plans to build the plants in five of South Africa’s nine provinces depending on the volume of tyres available.
Although Volco is comparatively new, its predecessor Synchrona, which had the same directors as Volco, specialised in the conversion of mun...
