Green Distillation Technologies claims progress in the US tyre recycling market.
Green Distillation Technologies Reports Added US Interest
Australian Green Distillation Technologies reports increased interest from a US partner. The tyre recycling company has increased its commitment to the Australian technology by doubling the number of plants it is proposing to build.
The original agreement provided for ten tyre recycling facilities across the United States, but this number has now increased to fifteen. The construction of three key units is planned to commence as soon as the agreements and Government approvals are obtained.
GDT’s Chief Operating Officer Trevor Bayley said that although the cost was in the vicinity of $150 million they couldn’t be specific at this time. There are many different variables yet to consider in terms of the cost of obtaining key components for each the plant locally, site selection, and so on.
“However, our policy is for the joint venture company to construct the plant at cost. We want to maintain our interest in the plant and provide on-going input to future operations, and also be able to implement new technology improvements as our research and development discovers new ways of improving our performance.
He said that the US, like most countries around the world, has a significant end-of-life tyre disposal problem and generates 250 to 300 million end-of-life tyres a year. In contrast, Australia produces 25 million, but world-wide the number of end-of-life tyres is increasing fast in India and China, and the world total of end-of-life tyres generated a year is in excess of one and a half billion.
“In light of this burgeoning environmental disposal problem, our approach provides a recycling solution as we turn a world problem into valuable and saleable materials.
“Every plant we build, with six modules and operating 24/7 will process a mix of 19,000 tonnes of end-of-life tyres per year. Each typical 10 kg car tyre will yield 4 litres of oil, 4kg of carbon, 2kg of steel, a 70kg truck tyre will provide 27 litres of oil, 28 kg of carbon, 15 kg of steel and a 4-tonne oversize mining dump truck tyre will yield 1.6 tonnes of carbon, 0.8 tonne of steel and 1500 litres of oil.
“Each plant is expected to need a permanent workforce of fifteen and require more people during the construction phase and have a local economic multiplier effect with more people required to collect and deliver the tyres to the plant.” Trevor Bayley said.