Dynamic Energy Alliance Corp. has option to purchase 10 acres in Ennis, Texas.
Dynamic Energy Alliance Corp., Memphis, says its chairman, Charles Cronin Jr., “has arranged for and completed the purchase, through one of his affiliates, of a 10-acre property in Ennis, Texas.”
In a news release announcing the transaction, the company says it intends to use the Ennis property as a site for its first fully-operational pyrolysis-based scrap tires-to-energy “green energy campus.”
According to the news release, the site, near Dallas, contains two existing buildings “to house the company’s pyrolysis-based equipment and operations, and is located in an area with abundant tire feedstock and strategic infrastructure and logistics resources.”
Also acquired is C.C. Crawford Retreading Co. Inc., a collector and recycler of about 2,000 tons of scrap tires per year. Because of the Crawford operation, the Ennis property is permitted by the Texas Commission on Environmental Quality (TCEQ) as a scrap tire collection and processing operation.
Dynamic Energy Alliance’s management says it is optimistic that the company will be able to negotiate a new option with Charles Cronin's affiliate for the purchase of the property, pending its ability to secure the capital required to exercise the option.
Dynamic Energy Alliance Corp., describes itself as “a development-stage energy and recycling company focused on identifying, combining and enhancing existing technologies with proprietary recoverable production and finishing processes to produce synthetic oil, carbon black, gas, and carbon steel” from scrap tire feedstock.