Fort Lauderdale-based InfoSpi, Inc. is moving ahead with plans to build a “flagship” Tire-to-Oil (T2O) plant in Pompano Beach, Fla.
The company, which anticipates rolling out a network of 10 franchised facilities throughout the U.S., is finalizing negotiations to lease a 40,000 square-foot Pompano site that includes railroad access.
“Our ability to convert over 1 million used tires in each of our facilities into much needed re-useable commodities is exciting,” says CEO Chris Hamilton.
“At present, the output of used tires in the United States is over 300 million tires per year,” he reports.
“Our Scrap Tire Pyrolysis Production Plant utilizes these tires, and is paid to do so – up to $100 per ton – generating revenue of up to $400 per ton in material recovery and tipping fees,” Hamilton says.
He goes on to observe that conventionally recycled tires “are not really recycled at all. Sure, they don’t end up in a landfill site, but they do end up being burnt in a furnace to provide heat for producing cement or generating electricity.”
Infospi aims to change that by installing plants to “extract virtually all of the oil, carbon black and steel that originally went into producing the tires,” according to Hamilton.
The firm also has future plans to create micro algae oil along with accelerated biodiesel production, presenting a quote made by Rudolph Diesel himself back in 1912: “The use of vegetable oils for engine fuels may seem insignificant today, but such oils may become, in the course of time, as important as petroleum and the coal tar products of the present time.”
For more information, visit www.infospiinc.com.
