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MEDIA RELEASE 26 April

Bronze medal for Australia's first finalist in the world's top innovation award
A bronze medal in the Edison Awards, the world's top prize for innovation, was awarded to an Australian green technology company that recycles old car and truck tyres.

They were Australia's first ever finalist and received the medal at the awards ceremony in New York late last week.

Green Distillation Technologies Corporation has developed a technology which recycles the old tyres into saleable commodities of carbon, oil and steel at their pilot plant in Warren Western NSW. It is in the process of being upgraded to full production.

The Edison Awards are the world's top awards for innovation and were founded 28 years ago in 1987 and named after famous inventor Thomas A Edison.

GDT CEO Craig Dunn, who attended the awards ceremony in New York said that it was a privilege to be selected as the finalists represented some of the world's top innovators such as Hyundai, 3M, Bridgestone and Dow which all received awards.

"Clearly to be among such company is a reflection of how our technology is regarded internationally and based on the reaction we received it is likely that we will be expanding to the US quite soon.

"Our expanded plant is capable of processing 19,000 tonnes of tyres per year, which represents approximately 3% of the end-of-life tyres that are generated in Australia each year.

"But we regard this as just the start and have plans for further expansion in Australia and now internationally.

"It is generally agreed that the disposal of old car and truck tyres is 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.

"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 generates 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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