Unisphere to develop scrap tire recycling system in New Brunswick

On April 14, 2003, Unisphere Waste Conversion Ltd. of Toronto, Ontario announced that it has engaged Kingsdale Capital Markets Inc. as its exclusive agent for a $10-million private placement offering scheduled to close on May 27, 2003.

Unisphere plans to construct its inaugural tire derived products facility in the Port of Belledune, New Brunswick. The closed loop system combines Unisphere’s state of the art tire shredding equipment and a Metso Minerals’ patented rotary kiln tire pyrolysis technology and proprietary oil condensing system that produces marine diesel, off road diesel and burner fuel. The systems aims to produce economically viable, reusable raw materials and recovered tire derived products.

For further information call 416-966-4555

(Also see the April/May edition of SW&R to read about the EnviroTire scrap tire recycling system and facility.)