In an Interview with CEO corner, CEO Peter Vaisler stated that Alliance Recovery has a process to turn rubber waste into fuel oil used to generate electricity. Every day U.S. companies scrap enough rubber to produce 16,400 barrels of oil. He also said, as there are many companies pursuing alternative fuels, they are the only ones that hold the proprietary technology to use rubber waste in fuel production.
The process that they have developed creates fuel oil through the thermo-chemical decomposition of rubber. This oil is then used to push alternators producing electricity. Electricity produced is then supplied back to the communities that created the rubber waste product.
Benefits from this technology are two-fold. First, by using the rubber waste as a fuel source to create energy, we can effectively reduce our use of fossil fuels. In addition, this reduces our reliance on foreign oil. Secondly, because their process leaves behind almost no residual chemicals, it is environmentally friendly and takes care of the rubber waste material.
They have just recently secured a $20 million dollar line of equity in order to finance their first conversion plant located in New Jersey. It is expected to be completed in 18 months and will be the first of ten showcase plants in the US.
This process uses off the shelf products creating a cost effective energy source. In fact each facility is expected to generate $7 million in EBITA revenue a year.
As the quest for an alternative energy source continues, this company has found one that is often overlooked. Utilizing rubber waste they have a renewable energy source that can be used immediately, effectively cutting fossil oil consumption and disposing of the problematic rubber waste material produced by Americans.
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