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MEDIA RELEASE 15 April

First ever Australian finalist in the world's top innovation award
A green technology company that recycles old car and truck tyres, is Australia's first ever finalist in the Edison Awards, the world's top award for innovation, with the winners to be announced in New York on Thursday April 23, 2015.

Green Distillation Technologies Corporation has developed a technology which recycles the old tyres into saleable commodities of carbon, oil and steel.

They have a pilot plant in operation in NSW which is in the process of being upgraded to full production capable of processing 19,000 tonnes of tyres per year. This represents approximately 3% of the end-of-life tyres that are generated in Australia each year.

The disposal of old car and truck tyres is regarded as one of the world's worst environmental problems and although other techniques, such as crumbing and chipping have been developed, there is not sufficient demand for the products that can be made to provide a solution.

The Edison Awards were founded in 1987 and named after famous inventor Thomas A Edison.

GDT CEO Craig Dunn, who will attend the award ceremony in New York said that the international recognition was welcome.

"We started in 2009 to prove our technology and the capability of the process, which represents the ultimate in recycling old tyres and more importantly generate a positive cash flow by selling the resulting carbon, oil and steel," he said.

"The oil produced from the GDT process can be used as a heating fuel, direct into some stationary diesel engines or is capable of further refinement into automotive or aviation fuels, while the carbon is a high grade product that can replace those sourced from fossil fuels and the steel is returned directly to tyre manufacturers for reuse.

"The process is not only emission free but the recycled oil is used as the heat source for the production process.

"It is the only process available in Australia that remanufactures the rubber from old tyres into a different energy form as the other recycling methods merely change the shape or appearance of the rubber," Craig said.

About Green Distillation Technologies: GDT is an Australian company which has developed technology to recycle end‐of‐life tyres into carbon, oil and steel.

Released for Green Distillation Technologies by Dennis Rutzou Public Relations (www.drpr.com.au)
For further information please call Dennis Rutzou on 0411 510 888.

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