Tire processing plant set for Alabama
EarthFirst Technologies, Inc. has executed an agreement with Orion Industrial Services Corporation to joint venture a state-of-the-art tire processing facility, known as the Catalytic Activated Vacuum Distillation Reactor (CAVD).
Under the terms of the agreement, EarthFirst’s WESCO subsidiary will contribute certain intellectual property rights relating to CAVD tire technology, use of the Mobile, Alabama facility and up to $450,000 cash. Orion contributes certain intellectual property, construction and operational resources plus $850,000. Profits are to be shared equally.
In 2004, a full scale, pilot CAVD Reactor was built in Mobile, Alabama. This reactor, named “Green-Go”, has operated for over 750 hours and has successfully deconstructed over one million pounds of tire chips.
There are two pending patent applications covering WESCO’s initial and improved reactor process, technology and design.
Earlier this year, WESCO’s reactor and facility in Mobile was granted a full operating air-permit and completion of the “Green-Go” reactor is expected by the end of 2007.