The project in Puerto Rico entails the establishment of 2 multi-phase recycling plants that when operational will have the capacity to do tire shredding, manufacturing of end products, and a sublimation component that results in the production of activated carbon and/or petroleum products, as well as steam for energy generation. The Company projects to be fully operational in 8 months, creating 140 jobs with a minimum hourly gross wage of $15.00.
The plant equipment being installed is currently operating in several other jurisdictions including the state of Oregon, known to be one of the “greenest” states. Oregon has some of the toughest environmental regulations in the industry.
The intake of the tires includes weighing at the entrance to the plant on the whole truck weighing scale and then transporting the tires to an intake conveyor that counts and takes the tires to the shredders. The truck is weighed again on its way out. The difference in weight is used as the net basis for payment to the trucker for the load delivered and for invoicing to the Government for payment of the recycling incentive payable to the Company by Law.
A payment is directly issued to the account of the trucker through electronic deposit. The tires are shredded, then directed to ongoing processes for production of marketable byproducts, namely, crumb rubber, mulch, and steel. The entire process will be on-line with direct reporting to ADS and the EQB, Puerto Rico's environmental agencies.
The Company currently has identified and signed agreements for the sale of these three byproducts in the United States. At the same time a portion of these byproducts can be further processed to manufacture new products for which we have identified a local market in Puerto Rico such as Mulch that is used in gardening, as well as in the sanitary industry. This product will also serve as a significant export product with Wal-Mart and Home Depot as target clients. The crumb rubber will be directed to local manufacturers of rubber based tiles and thereby reduce their raw material cost.
Further refining of the shredded tires will allow for the manufacturing of Activated Carbon, a valuable commodity used in air and water filtration with a demand that greatly exceeds the current offers available in the world market. Target customers include the Puerto Rico Water Authority, as well as major retail chains such as Wal-Mart, Petco, as well as major consumers like Calgon.
The Company has also secured the policy compliance certification of the Solid Waste Authority (ADS for its Spanish Acronym) for the Mayaguez facility. In the weeks to come, the Company is preparing to submit all of its permits for the Mayaguez plant to the corresponding agencies.
3.8 MILLION POPULATION 1.2 MILLION HOUSEHOLDS $8,000 AVERAGE PER PERSON INCOME $24,000 PER HOUSEHOLD INCOME 14% UNEMPLOYMENT (Ranges as high as 45% in some towns) 78 MUNICIPALITIES ISLAND IS 100 MILES LONG AND 30 MILES WIDE LOCATED 1,000 MILES SOUTHEAST OF MIAMI, FLORIDA
12% GLASS 2 % NON-Fe METALS 10% Fe METALS 9% PLASTICS 3% GRIT 15% PUTRESCIBLES 10% YARD WASTE 5% CARDBOARD 21% PAPER 13% OTHER WASTE
53% BIOMASS 28% RECYCLABLE 19% LANDFILLED
9% OF SOLID WASTE BY WEIGHT 43% OF SOLID WASTE BY VOLUME $7 MILLION LANDFILLING COST ANNUALLY 60% HDPE 5% PETE 15% PP 10% PS 10% OTHER