WINSTON-SALEM, N.C. (April 28, 2010)—Plateau Mineral Development Inc. has formed a joint venture agreement with Business Development Corporation Inc., Environmental Solutions and Matthews Energy Investments L.L.C. to build a converter that uses a closed loop system to convert organic material into energy.
The first unit will be designed specifically to process tire chips to produce gas, carbon black and solvent.
According to Plateau, the best feedstock is truck tires, although the process can convert any hydrocarbon.
Plateau Mineral said it found the modular design solves many problems relating to cost, size, maintenance, and down time, and the joint venture gives it the funding needed to build such a unit and demonstrate the system's efficiency.