Ohio waste tire recycling project


Grand Vista Group Holdings, Inc., a corporation formed in accordance with laws of the state of Delaware (the “Company”) provides unique solutions to reduce landfill materials and scrap tire stock through a patented microwave technology. The Company is seeking investors to enter into a joint venture with the Company and to provide approximately $9,500,000 for the construction and development of a waste tire recycling facility in Ohio (the “Project”). The proceeds will be used for the purchase of patented microwave technology and ancillary equipment that can process up to 4,800 tires per day resulting in large volumes of the following products for sale:
Diesel distillate;
Carbon black; and

Although the initial phase of the Ohio project will focus on the conversion of scrap tires only is (“Phase I”), a tremendous opportunity for the company to recycle waste plastic and other waste streams into the same re-sellable and energy producing products listed above.

Phase II for the Ohio Project will include an expansion to process waste plastics into the same, profitable re-sellable products as scrap tires.

Investors in the initial Ohio project will have the opportunity to participate in subsequent projects within the state of Ohio and the states where Grand Vista owns both tire and plastic microwave technology rights.

Grand Vista owns the microwave technology rights for waste tires and rubber for six (6) states and the microwave technology rights for waste plastics for 48 states (excluding Texas and Louisiana).

The Project

The project will consist of a two (2) module microwave unit for the conversion of waste tires into the above referenced products. The Project will be located in Galion, Ohio within a facility currently owned by Gen-Rubber, LLC, a tire handler and processor that currently converts waste tires into rubber mulch, mats, landscape borders, among other items.

The Company will lease space within the Gen-Rubber facility and also enter into a 10 year feedstock agreement with Gen-Rubber at a fixed price for the tires necessary to run the machinery at full capacity; therefore, eliminating the substantial risk associated with this type of project and substantially increasing the probability of success.

The Project is environmentally friendly creating a green atmosphere by a process known as non-pyrolysis (no external heat applied). The destruction is performed by a proven patented state-of-the-art process with waves from microwave generator. The waves break down the carbon chain to a vapor (syngas). This gas passes over cold water condensing coils converting the hot gas to #4-#6 diesel distillates. An additional by-product created is high grade carbon black.

The operation is 24/7/335 and will convert approximately 4,800 tires per day (or approximately 1,600,000 per year and produce approximately 27,000 pounds of carbon black per day, 5,200 gallons of diesel distillate per day and 300,000 MCF of syngas per day. Each product produced can be readily sold as there are active markets and high demand for each product.

The environmental benefits of this type of project and technology are numerous. Listed below are the main benefits for the Ohio recycling project:

Reduction of waste tires and other potential waste streams typically taken to landfills;
Zero emission microwave technology not requiring any special permitting through the EPA; and
Long-term Feedstock Agreement will be executed prior to Project operation ensuring the prevention of approximately 1,600,000 tires headed for landfill.
Small carbon footprint (4000 square feet).
Carbon credits.

Regarding financial and economic benefits:

Total cash flow available for distribution (before splits and cash retained for future investments) of approximately $22,000,000 in the first five (5) years;
Investor IRR of over 20% (assuming return of investment in year 5);
Creation of multiple products that will be sold at high profit margins;
Creation of well-paying jobs; and
Receipt of job creation and energy incentives (although these incentives are not needed to make the Project profitable and are not included in Project pro forma).


Converting waste with the revolutionary microwave process presents a great opportunity because it provides numerous opportunities such as:

Provides additional growth for green energy;
Converts waste to energy producing products in and environmentally friendly (zero emission) atmosphere;
Develops waste recycling programs for industrial, commercial businesses and local, state and federal governmental agencies, thereby reducing the amount of waste entering landfills;
Reduces dependence on foreign oil; and
Creates a legacy for the recycling industry.
Project Cost

The total estimated cost for the project for the machinery and ancillary equipment is approximately $9,500,000. As indicated above, the machinery will be located in an existing facility that already processes tires; therefore no cost is included in the Sources and Uses for land or building. In addition, since the Project will be supplied with pre-shredded tire feedstock, no cost is included for primary and secondary tire shredders.

A Sources and Uses Statement is listed below:


Equity Infusion $9,425,000

Total Sources $9,425,000


Machinery $5,700,000
Generators 1,100,000
Tankers, Conveyors, Piping, Etc. 900,000
Furniture and Equipment 150,000
Professional Fees (Legal, Accounting) 100,000
Closing Fees 471,250
Contingency 500,000
Working Capital 500,000
Rounding 3,750

Total Uses $9,425,000

Brief Financial Summary

Below is a five year estimated summary of the net income and cash flow produced from a two (2) module microwave unit.

A detailed pro forma and financial analysis is included in the package of information related to the Project.

It is assumed that the machine will run for 335 days during the year with three (3) eight (8) hour shifts. It is also assumed that the machine will run at 95% efficiency.

The two (2) significant sources of revenue are from the sale of high grade carbon black and diesel distillate. For the purposes of the pro forma a price of $0.70 per pound for the carbon black and $1.25 per gallon for the diesel distillate were used. Both of these figures are conservative and supportable by a letter of interest in from a company dealing with the sale of these products. It is the Company’s intent to establish internal capabilities to sell the products directly to customers.

Financial Summary for a five (5) year time frame:

1000’s FY 1 FY 2 FY 3 FY 4 FY 5 Total
Estimated Sales $8,986 $9,166 $9,841 $10,038 $10,238 $48,269
COGS 3,445 3,461 3,671 3,690 3,709 17,976
Gross Margin $5,541 $5,705 $6,170 $6,348 $6,529 $30,293
Gross Margin % 62% 62% 63% 63% 64% 63%
Operating Expenses $2,123 $2,185 $2,258 $2,307 $2,357 $11,230
Net Income $3,418 $3,520 $3,912 $4,041 $4,172 $19,063
Add Back Depreciation 601 601 601 601 601 $3,005

Estimated Total Cash Flow

Full operation is expected to be six (6) to eight (8) months after placing an order for the two module unit. Positive cash flow is expected in the third full month of operation.

Exit Strategy

Once cash flow is established, the investor will have multiple options to redeem the equity within a 5 year period. While exit strategies include, but are not limited to sale, merger or IPO, the Company feels it will be able to successfully secure tax-exempt or taxable bank debt in the future.

The Company will have sufficient capital and the debt service coverage will be significantly above typical debt service requirements by financial institutions. Assuming 70% debt and a 30% equity requirement, the table below presents the estimated debt service coverage in years three (3) through five (5):

Year of Operations 3 4 5

Estimated Cash Flow $4,513 $4,642 $4,773

Estimated Debt Service (1) $1,037 $998 $958

Debt Service Coverage 4.35 times 4.65 times 4.98 times
Assumes a loan with a 10 year maturity, a straight-line amortization and a 6.00% interest rate.


Listed below are key members of the management team for the Ohio Project. Each individual has unique qualifications and bring a varied and complementary set of skills to the Project:

Robert Phillips – Robert is principal and President of GVGH responsible for many of the day-to-day business decisions. As well he is responsible for implementation of company policies and procedures and assists upper management with all future projects.
David Fumi – David Fumi is principal and COO of GVGH and will be responsible for many aspects of the day-to-day operations including the sale of the off-take products. In addition he will be responsible for securing all project incentives for and for securing debt financing (tax-exempt or conventional) on future projects.

Scrap Tire Recycling Market

The scrap tire recycling industry has been in existence for many years, but the uses for the recycled scrap tire rubber are limited, with less than 20% of scrap tire processed. Approximately 250 million automobile and truck used tires are discarded by Americans every year. Since 1989 only 10% of scrap tires are recycled. Local, state and federal governments have significantly increased their tire reclamation efforts. However, disposal of approximately 200 million tires are in landfills, stream/rivers and dumped illegally along roadsides around the country.

The majority of North American scrap tires are burned in some type of kiln as an energy source known as Tire Derived Fuel (TDF). This combustion process produces sulfur dioxide emissions (the basis of acid rain) and contributes to the production of greenhouse gasses. Waste plastic is deposited in landfills at great expense to local communities and waste management companies.

Every state has laws about scrap tires stockpiles. Tires become breeding grounds for vermin’s and insects creating health problems as well as a serious fire hazard

State governments, including Ohio, are increasing tire recycling subsidies and supporting green tire recycling technologies. Note (Any subsidies, incentives, etc. are not included in the pro forma information and, unlike other renewable technologies, are not needed to make this technology profitable).


Plastic is another waste stream easily recycled. Of the more than 90 billion pounds of plastics produced annually in the United States, less than 5% is from recycled sources while the balance is taken to landfills. Grand Vista fully intends to take advantage of this waste stream through the development of future projects processing solely plastics. This is evident in Grand Vista’s securing of the microwave technology rights for 48 states

Plastics, after aluminum, represent the second highest value material in the waste stream and have the highest projected growth rate. Markets and uses for recycled plastics are rapidly expanding. Plastic containers are being collected at the curb for recycling in nearly every community, representing more than 4 million households. U.S. demand for recycled plastic will continue to expand and new markets will develop. The EPA has set a national goal to recycle 25% of the municipal solid waste stream and the industry is committed to achieving its share of that important goal. The recycling industry intends to accelerate the rate of plastic recycling as part of its commitment to develop solutions to the solid waste problem.

Our Advantage

Controlled pyrolytic technology has been used traditionally in the destruction of waste tires. Pyrolytic reduction is defined as the result of externally-applied heat to achieve the thermal decomposition of organic compounds in a reduced oxygen atmosphere. With this technology there are harmful emissions into the atmosphere.

The microwave process does not require any specials permits because the conversion is environmentally friendly with no harmful emission, in other words, “NO GREEN HOUSE GASES”.

There are other companies converting tires however there is a distinctive difference as their process is neither efficient nor capable of producing quality off-take products. For example, that technology does not produce a high quality carbon black. It is more or an ash or char.


There is no direct domestic microwave competition. The Ohio based technology has significant advantages over other waste tire recyclers given the GVGH technology produces higher quality revenue generating products and from environmental and regulatory standpoints do not require special permits.
GVGH holds the exclusive rights to the EnviroWave tire, plastic and industrial waste destruction technology in six (6) U.S. states, 48 states for plastic, and four (4) international countries to date. GVGH plans on pursuing projects in each of its states, as well international.

13 Responses to “Ohio waste tire recycling project”

  1. sp.kannan says:

    Read from internet that your company has developed process to produce # No4 grade Diesel oil using non pyrolytic process( Microwave technology)

    The article is interesting .one of our client is interested in setting up a Project to produce Diesel grade fuel from plastic waste .

    So far we are thinking pyrolysis process.On seeing your companies website we understand you have non pyrolytic process to convert waste plastic into automobile grade fuel

    To proceed further request your feed back on the following:
    – Do you have any commercial plant running on non pyrolytic process to convert waste plastic to EN590 grade fuel
    – If answer to the above question is yes, pl indicate the capacity and the locations .
    – To understand more about the process is it possible to provide more information on the non Pyrolytic process( Operating temp, operating pressure, percentage of recovery,Area required for 100TPD plant).
    – Is it possible to process 100% PVC or 100% PET in the non Pyrolytic process. If not possible what maximum percentage of PVC or PET can the Reactor can accept
    – Have you supplied any non Pyrolytic process plant outside USA.If possible pl provide us the location and capacity of the plant
    Any clarification pl call the undersigned in the mobile number

  2. waste tire recycling project definitely a very helpful project to get wealth from wastes.

  3. Mike Hall says:

    Hello Gentlemen,
    I find your process very interesting and would like to learn more about it. I am actively searching for tire recycling opportunities which includes purchasing and or investments. I would like to speak with someone within your organization to explore possible options.

    Best Regards,

    Michael W. Hall

  4. Thomas says:

    send me your contact info or call me on my cell 203-775-9999

  5. doubt the self storages are best to look for but I think before any further step, one must compare the rental charges of these facilities, I loved this blog.

  6. Link says:

    I hope to read more from you! totally agree with this.

  7. Sandy says:

    Thomas- noticed you have a CT based #. Please call me re this thread. I have info you many care about. Thx

  8. Sandy says:


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  10. John west says:

    Myself and Ken holland + some petro chemical friends invented Tyers to microwave distruction , unlike your Tyers that you destroy our Tyers are steel banded so we had to overcome arcing out as steel and microwaves don’t mix our by products were oil steel and carbon black at the time we were just short of break even with our by products our expert on board was Dr Howard chase
    MA .phD C Chem. MRSC unerversity lecturer chemical engineering
    We were doing this project in 1998 best part of three mill was invested we actually did heads of agreement with a fortune five in America eagle pitcher in Ohio but as we went to complete deal a guy popped his head up aged 70 or so he had cancer and said he got the illness while working for ealgle in there lead mines years ago that was there cor business in those years so they went into chapter 11 to protect themselves thinking some more people might come out of the wood work as you probably know when in chapter 11 they put a government C E O in and you are not allowed to make no new acquisition eagle were making all the cans for Pepsi or coca cola and they wanted the engineering of the plant also two other major companies wanted to deal sener in Madrid big engineering company and anci Australian national industries wanted a deal I sold 22% for 1.2 mil and put it all into research and development but my partner Ken died of aneurysm
    I just sort of let things go the company went into bankruptcy no debts as such cos it was privately funded we spent 500, 000 on patents around the world as you also probably know patent agents are bigger thieves than bankers ther was other quite interesting stuff we stumbled apon but we stuck with Tyers because it was such a world wide problem easier to destroy Tyers in America because they are nylon banded lots more to talk about could go on but there you are regards John West

  11. Thomas says:

    call me to discuss 203-775-9999

  12. steve maginnis says:

    If companies can process (recycle) tires- pyrolysis method, can the process recycle fiber optic cable?
    I can provide 60 truckloads of fiber optic cable per month

  13. says:

    you can buy the rights to your area

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