by Rebecca Walker — April 6, 2011—GreenWorld Development, Inc., a company engaged in the global market for environmental and energy products, has acquired 50 percent of Hudson, Ohio-based Getting Green Solutions, LLC, which specializes in environmentally sound waste disposal by either recycling or converting waste into energy.
Getting Green Solutions, valued at $10 million, has proven technologies in place and is presently putting into operation processes in two sectors: Municipal Waste and Tire Recycling CryoVortex, a process machine that uses “cryogenics” for scrap tire recycling. The patented “GreenTire” technology converts waste rubber products for reuse in manufacturing and in construction.
GreenTire’s first plant has been deployed in Ohio and will deliver revenue of $3.5 million in the first year, according to the company. Seven more sites in the United States are currently negotiated. Additionally, GreenTire’s technology will also be licensed for export. The first transfer will be to GreenWorld’s U.K. joint venture with FE4 Ltd., which holds the Waste Transfer licenses for tires, municipal (black) waste and plasterboard in the United Kingdom.
GreenWorld Development, Inc. is dedicated to developing innovative, competitive and sustainable products for efficiency goods and services and to support the “Smart Green Economy.” Its main focus is R&D in alternative and environmentally friendly technologies, carbon emission technologies and trading, pharmaceutical/ healthcare along with emerging markets consultancy. For more information, see the Web site.
