Green EnviroTech Holdings Corp. Announces Intention to Enter Tire Recycling Market
(MarketWire/GreenEnviroTech) Green EnviroTech Holdings Corp. Chairman and CEO Mr. Gary De Laurentiis announced today that Green EnviroTech is planning to establish two tire recycling plants in the United States using the latest technology from East Asia.
The technology, which is currently in operation in nine locations in East Asia, has been evaluated at length by GETH who dispatched an engineer for onsite analysis in March 2011. The reports received confirm the viability of the system which converts discarded used tires to oil. Part of the onsite analysis was to assess the quality of the oil produced and, importantly, for use in the United States, to also assess the emission levels from the plants. Oil sample test results confirmed that converted oil was well within required levels for the United States, that emission levels were well within the limits imposed in the United States, and the tire conversion plants were superior to other systems analyzed by GETH in operation worldwide.
Mr. De Laurentiis commented, “Tire disposal worldwide is a major problem in landfills and other areas, with landfills still being the major disposal route. This relatively new technology fits perfectly into the Company’s business plan. By establishing two plants in the USA, GETH will continue on its path of being committed to clean recycling programs while giving our shareholders the opportunity for a return on their investment. As GETH develops, we plan to establish other plants throughout the United States.” READ MORE