B Green Innovations, Inc. (“B Green”) a Matawan, New Jersey-based corporation is dedicated to becoming a “green” technology company, focused on acquiring and identifying promising technologies that address environmental issues. The first technology will be used to create new products from recycled tire rubber. Recently, we announced that we had filed a new Patent Application for a process it described as “Recycled Tire Pod with Appliance Recess Guide.”
Introducing the ECOPOD™ and VibeAway™, made from recycled tire rubber, address important environmental concerns and problems facing the planet today. ECOPOD™ and VIBEAWAY™ are 100% recycled rubber-based products that can be utilized as support pads under any units that vibrate and make noise, including washing machines, dryers, compressors, commercial condensers and many other units that advantageously benefit from sound and vibration control.
How big a problem is worn out tires? In 2003, the Rubber Manufacturers Association estimated that there were 275 million tires in stockpiles across the United States and that approximately 290 million scrap tires are added each year. The report noted that more than 90% of the illegal scrap tire accumulation and associated stockpiles are located in 11 states, making a targeted marketing program feasible. Many of the states did not have abatement programs or waste management programs in place at the time of that report.
In 2006 the EPA became involved, publishing a Guidebook called “Scrap Tire Cleanup” in which it noted that large scrap tire stockpiles present a risk to human health and the environment for several reasons.
It noted that, “They provide an ideal breeding ground for mosquitoes, which carry and transmit life-threatening diseases such as encephalitis, West Nile and Eastern Equine virus, and dengue fever in some regions. Stockpiles can also catch on fire as a result of lightning strikes, equipment malfunctions or arson. The longer a stockpile continues unabated, the more likely it is to catch fire. Some experts no longer consider it a question of if a stockpile will catch fire, but when it will burn.”
What is the economic opportunity? According to the report, “State, federal and local agencies have spent tens of millions of dollars over the past several decades in responding to tire fires and as a general rule it is five to ten times more expensive to remediate a fire site than it is to remove the tires before they catch fire.” This is where B Green comes in, the Company recently said it completed its review and analysis relating to the manufacture of products from recycled tires and will be filing for several patents in the near future, suggesting it is a precursor to marketing its products to address the problem. B Green is also likely to seek acquisitions to accelerate its development in this area.
Sales will be in the commercial and residential sector both domestically and internationally through a network of distributors. The regulatory demands that are in effect today, combined with the ever-increasing issue of recycling create an environment that will ensure the appeal of this product on a worldwide basis.