- Environmental Waste International (EWS) has received approval to commercially operate its tire recycling plant in Sault Ste. Marie, Ontario
- The Environmental Compliance Approval came from the Ministry of Environment, Conservation, and Parks (MECP)
- Prior to submitting to the MECP, EWS ran the plant as a demonstration, research, and development facility for five years
- The company’s plant can now commercially recycle end-of-life tires, using EWS’ patented microwave technology
- Environmental Waste International (EWS) is up 65 per cent and is currently trading at C$0.16 per share
Environmental Waste International (EWS) has received approval to commercially operate its tire recycling plant in Sault Ste. Marie, Ontario.
The Environmental Compliance Approval came from the Ministry of Environment, Conservation, and Parks (MECP).
Prior to submitting an application for approval to the MECP, EWS successfully ran the plant as a demonstration, research, and development facility. The company did so for approximately five years.
As an approved commercial facility, EWS’s plant will recycle end-of-life tires, using the company’s patented microwave technology. The process produces by-products including carbon black, oil, steel, and syn gas in an environmentally friendly manner.
The carbon black can be used as an alternative replacement for virgin carbon black in plastic and rubber products. The oil and steel are used as raw feedstock, which offsets the need for new virgin materials. The syn gas provides energy for the plant which produces it.
EWS’ CEO, Bob MacBean, welcomed approval from the MECP, which is just the latest good news received by the company.
“This approval, combined with our announcement last week about our significant partnership in Europe, gives us considerable optimism for the future. Our proprietary technology provides a solution to a worldwide environmental waste problem, while generating attractive financial returns.
“We believe the commercialisation of our Sault Ste. Marie facility can further solidify EWS’ technology as the market-leading solution,” he said.
With the approval now in hand, EWS can now begin upgrading the Sault Ste. Marie facility, so it will include the company’s latest technology.
Environmental Waste International (EWS) is up 65.00 per cent and is trading at C$0.16 per share at 11:49am EDT.
