According to Green Distillation Technologies (GTD), the company has already pre-sold all the oil they expect to obtain from old tyres recycled in their planned Toowoomba plant using their unique Australian technology.
Australian firm has pre-sales of pyrolysis oil confirmed by Southern Oil
In fact, they have already sold their entire oil output from their existing Warren facility, as well as Toowoomba to Southern Oil for refining at Gladstone in North Queensland and Wagga in Southern New South Wales.
GDT Chief Operating Officer Trevor Bayley said that he welcomed the announcement of a Queensland Government grant to Southern Oil of Gladstone to help fund their refinery facility and as well as performance trials of the oil from recycled tyres that were being conducted using a Scania V8 test engine.
“In the past Southern Oil has told us that they regard the ‘tyre oil’ as light crude that is low in sulphur and easy to refine.
“We have conducted trials in the past with the recycled tyre oil at the Queensland University of Technology where a percentage of our oil was added to diesel and we found that there was no loss of power but that there was 30 percent less nitrous oxide in the exhaust emissions.
“We have a firm commitment to supply Southern Oil with all the oil we produce from anywhere in Australia, which as well as the trials will be used as crude oil and refined into diesel, petrol and jet fuel,” Trevor said.