- Environmental Clean Technologies (ECT) signs an agreement with Green Distillation Technologies (GDT) to recycle end-of-life tyres
- The companies will explore the integration of their unique processes to recover and reuse old tyres at a facility within ECT’s Bacchus March project in Victoria
- GDT’s process aims to address the growing environmental issue of millions of end-of-life tyres being dumped each year in Australia by recycling them into carbon, steel and oil
- The deal is non-binding and ECT noted the possibility that the companies won’t form a partnership
- Environmental Clean Technologies shares are trading steady at 2.2 cents at 1:02 pm AEST
Environmental Clean Technologies (ECT) has signed a memorandum of understanding with Green Distillation Technologies (GDT).
The companies will collaborate on developing a commercial end-of-life tyres (EOLT) resource recovery facility. The facility will be located northwest of Melbourne, Victoria.
This project aligns with ECT’s recently outlined plan to develop a fully integrated ‘waste-to-clean energy’ hub at its Bacchus Marsh project site.
ECT Managing Director Glenn Fozard said the company is focused on commercial partnerships that will help it deliver on its projects.
“The current GDT opportunity fits well in this profile with both expanded market opportunity and direct integration with our COLDry technology process,” Mr Fozard said.
The non-binding agreement will see Environmental Clean Technologies explore the integration of its COLDry technology with GDT’s EOLT process.
The COLDry technology is a unique low temperature, low cost, zero emissions drying process that utilises waste heat.
Green Distillation Technologies’ process, dubbed “Destructive Distillation”, addresses the growing environmental issue of end-of-life tyres with Australia producing over 23 million per year while the US has more than 250 million, which usually end up in dumps or illegally discarded.
Essentially, GDT’s process cleanly recycles the old tyres into carbon, steel and oil.
“GDT’s technology is a timely solution to one of Australia’s significant waste issues. Operating under a carbon-negative footprint and delivering commodities that supplement, substitute or replace fossil-derived products,” Green Distillation Technologies Chair John Fletcher said.
The memorandum of understanding will be in place until June 30, 2023.
Environmental Clean Technologies shares were trading steady at 2.2 cents at 1:02 pm AEST.