Australian firm Green Distillation Technologies (GDT) is building a second tyre recycling plant.
GDT has developed ‘world-first technology’ that transforms old tyres into oil, carbon and steel. The company is getting ready to construct a new tyre recycling plant near Toowoomba Airport in the state of Queensland, with a processing capacity of 700 000 tyres per year. The site could produce eight million litres of oil, 7700 tonnes of carbon black and 2000 tonnes of steel.
The new plant will employ up to 18 people full time, and create further jobs in collecting old tyres from retailers and other outlets. GDT already has a tyre recycling facility in Warren, New South Wales.
GDT’s chief operating officer Trevor Bayley says this is only round one of a larger expansion strategy. The recycler wants to establish seven processing plants in Australia to handle the 25 million old car and truck tyres discarded there annually. Also, the potential for exporting GDT’s tyre recycling technology is ‘virtually limitless’. The company is currently responding to enquiries to establish facilities in New Zealand, the United States, the United Kingdom, Japan, Africa, and Middle East.
Meanwhile, Bayley remarks that the use of carbon in steelmaking is steadily increasing. He cites data published by Reaserch & Markets suggesting that the world market for carbon black will surpass US$ 25 billion by next year. This represents a compound annual growth rate of over 4% during the period 2015-2020.
Would you like to share any interesting developments or article ideas with us? Don't hesitate to contact us.