Green Distillation Technologies to build US tire recycling plant
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Green Distillation Technologies is to build its first US tire recycling plant.
Under a new agreement the company will receive funding of up to US$100m for the roll-out of additional plants in the USA, subject to the successful operation of the first one. GDT’s chief operating officer Trevor Bayley, who was in the USA to sign the agreement, said 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 its technology. “The USA, like most countries around the world, has a significant old tire disposal problem and generates in excess of 250 million end-of-life tires a year. In contrast, Australia reaches 25 million, but the number of old tires is increasing fast in India and China and the world total is now in excess of one and a half billion a year,” Bayley said. […]
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