EWI Signs MOU for Tyre Facility

Environmental Waste International Inc. has signed a memorandum of understanding (MOU) with publicly traded Israeli company, TRD Instum Ltd. (TRD). The agreement sees the company move forward on plans to form jointly owned companies with the exclusive rights to EWI’s patented Reverse Polymerization technology in Israel and certain European countries. The MOU will remain in effect until the 30 May 2008 final agreement deadline.

The MOU requires TRD to place an order for a TR1500 reverse polymerisation machine. The TR1500 reduces tyres to carbon black, oil, steel and non-condensable gases. The agreement will include specific performance requirements for TRD to retain exclusive rights in Israel and the designated European countries. According to an official statement on the matter, the TR 1500 installation would be a showpiece for entering the European and Middle Eastern markets.