WINSTON-SALEM, N.C., July 8, 2010 (GLOBE NEWSWIRE) -- Plateau Mineral Development, Inc. (Pink Sheets:PMDP), announced today that the Tire Converter's certification process has begun. The process takes place in stages, and must be based upon a completed design. Since the tire converter's design is complete, the certification, permitting, and fabrication processes have begun and are occurring simultaneously. Some of the certifications will come from the American Society for Testing Materials (ASTM).
The Converter will recover carbon black, oil, gas and petroleum solvents from tires. The market for carbon black includes the manufacturing of batteries and other products, making it an even more important commodity than the company had originally thought. Carbon black sells for approximately $0.46 per pound.
A prototype unit was put to the test, showing that the converter yields more than 95% of usable product after it converts the materials put into it. The fully-operational converter is the size of a truck bed. However, the goal is to fabricate and test a portable unit that can be taken to remote sites for conversion and environmental cleanup jobs.
About Plateau Mineral Development, Inc.: Plateau Mineral Development has been in existence for over five years.
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