agreement with the technology inventors and are ready to move forward with their business plan. They need to close out their phase one funding to optimize the catalyst for crumb rubber and design a scaled refinery for operations. They have preliminary commitment from a VC group for phase two consisting of refinery acquisition and initial production.

Roughly 300 million scrap tires (3 million metric tons) are generated each year in the United States, equal to approximately 1 tire per person in the country. Most of these tires are reused in various applications, +/- 129 million being burned as tire derived fuel and about 50 million tires go into landfills or other land disposal options. The entire industry is subsidized by the federal government from a scrap fee of 1-3 dollars per tire.

Thermo-catalytic pyrolysis has been around, in one form or another, for a very long time. The difference is the catalyst and its ability to re-formulate the hydrocarbons into economically viable products. Their research has not found another process that can equal the yields and alternative and renewable fuel types that their proprietary process has evidenced. Utilizing this technology W2F will produce LP Gas, Diesel or Jet A fuel (depending on the new minimum standards) and carbon black in economically viable quantities. This is economically viable because of the utilization of existing crumb rubber supplies. Once established, W2F will have the platform to move into the scrap tire recycling market and provide a tee-to-green approach to the scrap tire problem.