Magnum Commences Tyre Recycling Operations at its Hudson Site
Magnum D’Or Resources reports that recycling operations at its Hudson tyre landfill site in the US state of Colorado officially began on November 12. Activities at the site include the sorting, preparation, and shredding of tyres into small pieces that will be accumulated as input into the company’s powder equipment, currently under contract to be built and installed through Magnum Engineering International (MEI) and its affiliates. In order to create a stream of revenue while awaiting delivery and installation of this machinery, the company has also recently began accepting a wide variety of scrap tyres.
At present Magnum Recycling USA will utilise its multiple stage shredding system to shred and prepare rubber chunks from both newly delivered scrap tyres and from its existing landfill inventory of more than 35 million tyres. “One of the objectives as we prepare for producing powders is to reduce the inventory of whole tyres into a usable raw feed product for the full powder production lines that will be implemented by Magnum Engineering International (MEI),” stated Bryan Brammer, COO of Magnum USA.
“Joseph Glusic and I just completed meetings with State and local officials discussing our plans for reducing the Hudson monofill inventory over the next decade,” Brammer continued. “Everyone is on board to assist the State of Colorado in reducing its burden of stockpiled tyres throughout the state. With the continuing support of the State and local officials, we will prove that our business model can successfully accomplish both the goal of the State, as well as, provide a great return to Magnum’s investors and shareholders.”