Phoenix Industries Acquires Technology to Pelletize Asphalt

Phoenix Industries (PI), a recycling technology company based in Las Vegas, has announced the acquisition of technology for pelletizing rubber-modified asphalt to be used in the paving industry. This licensing agreement between Billian International, also located in Las Vegas, and PI allows Phoenix Materials Technologies, a wholly-owned subsidiary of PI, to produce and market the product.

"We are very pleased to have this agreement in place,” says Kelly Sockwell, PI’s director of operations. “It will help us expand our product line while staying within our company's initiative of green and sustainable projects. We are always looking for new and profitable applications for recycled materials and believe this has a huge potential."

The asphalt rubber pelleted binder for hot mix is a blend of high quality asphalt oil reacted with ground tire rubber, lime and other preparatory ingredients.

"I feel we have a very good team, with the know-how and expertise of Phoenix Industries, we can bring the benefits of paving with recycled tire rubber to areas that could not afford to do so with the old field blended method," says Bill Bailey, president of Billian.

"We are now in the process of building our first plant in the Las Vegas area and should have it operational in July of 2010. We also hope to be installing our first of several international plants in the fourth quarter of this year,” Sockwell adds.