US firm to build 20 tyre disposal plants in US, Europe

Tampa, Florida - US alternative energy company, Internal Hydro International Inc. has said it has entered into a Letter of Intent with World Environmental Solutions Company, Inc. (WESCO), a wholly-owned subsidiary of EarthFirst Technologies, Inc., to purchase WESCO's Catalytic Activated Vacuum Distillation (CAVD) waste tyre and solid waste remediation plant currently in operation in Mobile, Alabama for total consideration of $2 million.

IHI intends to build up to 20 similar plants in the US and Europe using the technology and claims that "each plant is expected to generate up to $2.5 million in profit per year."

In a statement, IHI says, "The CAVD technology was developed by EarthFirst to recycle tires and other waste by heating the material without burning it. The technology evolved from the Company's close working relationship with Oak Ridge National Laboratory and scientists from the newly independent states of the former Soviet Union. Based on the CAVD technology, EarthFirst's proprietary tire processing system produces usable energy and a broad range of valuable by-products, including steel, carbon, oils similar to kerosene and diesel fuel, and an energy-dense gas. EarthFirst burns tires in a vacuum at a third of the typical pyrolysis temperature, preserving tire components and satisfying even the strictest emissions regulations (as verified by Oak Ridge)."

The company adds, "The EarthFirst process relies on proprietary catalysts to convert tires at rapid rates. From a typical 20-pound passenger tire, EarthFirst's CAVD technology can recover nine pounds of carbon, for the manufacture of polymers; one gallon of oils, which can be used as fuels or industrial process oils; two pounds of steel; and 30 cubic feet of combustible gases to generate electricity. The Company's prototype, fully operational plant is located in Mobile, Alabama."

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Press releasefrom IHI

Website of IHI

Website of EarthFirst