News from Recycling Today
According to an online article by the Detroit News, Detroit Public Lighting Department workers, responding to a reported power outage on Friday, Dec. 29, 2017, discovered two badly charred bodies at a substation on the city’s northeast side.
The “charred bodies” were found “fused together” according to a Detroit TV station’s report. Fire department officials have theorized that in an attempt to steal copper wiring, one of the men came in contact with a 24,000-volt conductor. The other man either attempted to help him or was near enough to also conduct voltage, according to the fire department.
A power department employee quoted by the Detroit News says the substation consists of such conductor and transmission cables and wires that are directly connected to a power generating plant.
Detroit’s police department has assumed control of the investigation, according to the Detroit News.]]>
This new strategic partnership combines Veridisyn’s extensive experience in processing scrap plastics with P2O’s proprietary technology for deriving ultra-clean, ultra-low sulphur fuel that requires no further refining, directly from unwashed, unsorted scrap plastics.
As more particularly set forth in P2O’s Form 8-K filed with the U.S. Securities and Exchange Committee Dec. 22, 2017, P20 says expected minimum gross proceeds to the company will be $4 million from the initial sale of two P2O processors to Veridisyn. If successful, P2O says the partnership could result in the sale and deployment of 30-40 processors at Veridisyn sites, for $90 million to $120 million in future revenues (based on a $3 million price per processor), the company says.
In addition, once the processors have been fully deployed, P2O says it will receive a royalty of 5 percent of gross fuel sales by Veridisyn, and no less than $0.50 per pound for use of its proprietary catalyst. P2O will also provide ongoing monitoring and maintenance services at agreed upon costs and rates.
Rick Heddle, P20 CEO says, “By turning waste plastic into fuel without any hazardous waste, this joint industry solution will help accelerate plastic recycling in cities, towns and industrial plants, and be a major step forward in meeting a significant environmental challenge.”
“I am very excited about moving forward with Plastic2Oil in implementing its breakthrough technology to leverage the substantial global market opportunity for plastic to fuel solutions,” says Veridisyn Managing Director Robin Curtis.
P20 is a North American fuel company that transforms unsorted, unwashed scrap plastic into ultra-clean, ultra-low sulphur fuel without the need for refinement. The company says its patent pending product with the same name, P20, is a proprietary, commercially viable, and scalable process designed to provide immediate economic benefit for industry, communities and government organizations faced with scrap plastic recycling challenges.
“With its revolutionary P2O technology, P2O has pioneered a process that has the ability to change the way the world handles waste plastic and plastic recycling. P2O is committed to environmental sustainability by diverting plastic waste from landfill and potential incineration,” the company says in a press release announcing the partnership.
The release also notes that P20 says it is focused on reducing the cost of plastic recycling programs for municipalities and businesses in the U.S.
The transactions substantially deleverage the company’s balance sheet, reduce interest expense, extend the maturity of its term loan and notes, and better position Liberty Tire to capitalize on growth opportunities, according to the company.
As part of the transactions, Carlyle Strategic Partners IV L.P., an investment fund managed by The Carlyle Group, became Liberty Tire’s majority equity sponsor and is partnering with Liberty to provide additional strategic resources to support its continued success.
Liberty says the transactions were completed after a successful privately negotiated exchange offer, with holders of 99 percent of the company’s second lien secured notes and more than 85 percent of the company’s common equity participating in the exchange.
“With the transactions complete, Liberty can further execute on its strategic growth plan while continuing to provide industry-leading service to our valued customers,” says Thomas Womble, CEO of Liberty Tire. “In 2018, we have our sights set on growth and continuing to be the premier provider of tire recycling services in North America.”
Ron Carlson, chief financial officer, adds, “These completed transactions not only strengthen Liberty’s balance sheet, they also provide flexibility to capitalize on new market opportunities with a focus on growing the business.”
Liberty Tire Recycling offers tire recycling services in North America. By recycling more than 146 million tires annually, Liberty Tire reclaims about 1.7 billion pounds of rubber for products. The recycled rubber produced by Liberty Tire is used as crumb rubber and industrial feedstock for molded products; as tire-derived fuel for industrial kilns, mills and power plants; and as rubber mulch for landscaping and playgrounds. The company maintains a North American network of processing plants, and comprehensive door-to-door collection services.
“For two-and-a-half years, we’ve dealt with noise at all hours, construction materials and dust being kicked up into the air. There seems to be no end in sight,” Geoffrey Baum, president, West Pasadena Residents’ Association tells KABC.
The recycling operation involves converting broken concrete from the highway construction project into smaller pieces that will be used to pave nine miles of new highway surfaces. However, the process has resulted in complaints about air quality due to the dust and noise. The California Department of Transportation (Caltrans) has been cited by the South Coast Air Quality Management District for violations.
According to the report, the city said it has been "working with Caltrans during the past year, and we have been able to share our concerns regarding the operations and the impact on our residents."
Caltrans has installed a noise barrier around the site and has used water trucks to subdue dust from the concrete piles to prevent problems in the future.
The batch plant is slated to be operation until this summer.]]>
CSG resolution acknowledges importance of science-based evidence in evaluating recycled rubber infill
The Washington-based Institute of Scrap Recycling Industries (ISRI) has announced its support of the Council of State Governments’ (CSG’s) unanimous approval of a resolution noting that scientific evidence should be paramount when assessing recycled rubber play surfaces. The resolution was presented to the CSG Energy & Environment Committee by Minnesota State Sen. Jeremy Miller in the context of recent debate surrounding the use of recycled rubber, especially given unsubstantiated reports regarding health concerns, ISRI notes.
The resolution, “Resolution on Utilizing Science-Based Evidence Related to the issue of Installation of Artificial Turf Athletic Fields Made of Recycled Rubber Infill,” calls for science to take precedence over conjecture in assessing recycled rubber and for the timely completion of the federal multiagency study that is currently underway.
“ISRI strongly supports and applauds the passage of this resolution, which will undoubtedly raise awareness among state legislators around the unsubstantiated nature of current claims made in the debate over recycled rubber,” says ISRI President Robin Wiener. “There are currently more than 90 peer-reviewed scientific studies demonstrating there is no increased health risk to athletes playing on artificial turf containing recycled rubber, without credible evidence to the contrary, and it is critical that this reality be made widely known to policymakers.”
Miller says, “As a parent and a legislator, creating a safe environment for our children to play in is a top priority. Recycling tires cleans up and preserves the environment for current and future generations. As we encourage children to take part in healthy activities and exercise more, the material from these recycled tires is a source for safe, accessible turf. Credible science has demonstrated this time and time again. It is imperative that fellow state and local lawmakers carefully review the facts when making any key decisions regarding our children and jumping to conclusions not supported by science.”
The CSG committee’s approval of the resolution followed a brief discussion on the issue and was endorsed by the CSG Executive Committee, ISRI reports.]]>