Phoenix and GBRC team up to process TDF with microwave
Global Resource Corp. (GBRC), a developer of patented
energy-efficient microwave-based technologies for recycling
tires, has announced a joint venture (JV) to develop,
build, own and operate several facilities with Phoenix
Renewable Energy for the processing of scrap tires. The
first facility as part of the JV will be located in Jonesboro,
Arkansas and is estimated to be worth $12 million.
The JV will be for the processing of scrap tire derived
fuel (TDF) into high margin commercial hydrocarbons and
carbon products utilizing GBRC’s patented microwave technology.
Phoenix Renewable Energy and GBRC will leverage their
technical and commercial capabilities to fund, develop
and operate a Patriot Facility. The facility will have
a nameplate throughput capacity of 20,000 tons of TDF
with projected annual, recurring revenue of approximately
$13 million and environmentally positive outputs of electricity
and carbon products.
Under the JV agreement GBRC will provide research and
development, design, engineering and construction of
the Patriot machine that is capable of processing 3 tons
Phoenix Renewable Energy will be responsible for all
other aspects of the facility, including the design,
construction, and commissioning the physical facility,
all auxiliary equipment including all gas, oil, and carbon
black processing outside of the GBRC reactor. The joint
venture also allows an equal 50/50 split of revenue generated
from each plant between GBRC and Phoenix Renewable Energy.