Incorporated in the Province of Manitoba, Blue Diamond Technologies is a Canadian company consisting of business models, intellectual property and multiple patents in the waste tire recycling, bio-energy to chemicals, pork processing and waste water effluent sector.
The company was formed to commercialize its business models. Its vision is to utilize its patented technology and proprietary knowledge to solve problems facing mankind.
High Pressure Water Used for Tire Recycling
While the most popular approach to recycling tires is through mechanical grinding such as is practiced in the British Columbia tire recycling program, Blue Diamond Technologies has created a technology that utilizes high pressure water to completely break down scrap tires. The water converts the rubber into a fine powder that can be substituted 100 percent for virgin rubber in new products, as well as steel belts that are totally rubber free and can be sold as high quality recycled steel.
After the whole scrap tires are delivered to the processing plants, they are processed using high pressure water. Subsequently, water and rubber are separated, with water then recycled for further processing.
After drying, the crumb rubber is size separated, going through a fiber removal process before being packaged for shipment to customers. To date and Blue Diamond Technologies knowledge there is no other company in the world that can process tires like this.
Chinese Joint Venture with Insigma to Roll Out Thirteen Tire Recycling Plants
In December 2011, Blue Diamond Technologies announced that it had collaborated with Insigma Technology Co., Ltd. to form a joint venture for establishment of as many as 13 tire recycling facilities in China. With initial funding of $8 million the joint venture will enjoy exclusive rights for use of Blue Diamond Technologies, LTD’s patented process in China, completing incorporation during January, 2012.
The initial Chinese facility, located in 60,000 square feet in Hangzhou, China, the capital of Zhejiang Province, is scheduled to commence operations during the fourth quarter of 2012. After start-up of the plant, the joint venture partners anticipate the rapid rollout of an additional 12 facilities in other industrial regions of China. Bue Diamond Technology’s Canadian affiliate, ECO BDT, will turnkey all recycling projects in China. It is estimated that the joint venture may result in funding in excess of $100 million U.S. Blue Diamond states that the government of the People’s Republic of China is supplementing the investments of the joint venture partners with public incentives.
Insigma and ECO BDT began planning for a joint venture in October, 2010, eying the creation of 300 million scrap tires annually in China. Optimism is enhanced by the rising price for crumb rubber. Prices rose by 92 percent in 2009/2010, and then by another 85 percent in 2011, according to Rubber Crumbs International.
As part of its due diligence, Insigma Technology Co., Ltd. traveled to the United States to investigate Blue Diamond Technologies, LTD’s system in operation at a Minnesota location. Insigma Technology Co., Ltd., with annual sales in excess of $1 billion, is part of the Insigma group of companies, headquartered in Hangzhou, China. The company is active in manufacturing and information technology industries, including joint ventures with U.S. companies General Electric and Microsoft.