GVA Williams hired for landmark recycling venture.

International property advisor GVA worldwide has been selected to assume responsibility for identification, acquisition and project management of a landmark recycling venture involving 130 sites around the world. The project has an estimated value of $19.5 billion over the next 10 years.

Cyntech Technologies, Inc., a Houston, Texas-based petrochemical and hydrocarbons recycling company, selected two GVA offices -- GVA Hunter in Chattanooga, Tennessee and GVA Grimley in London, UK -- to coordinate identification and management of global locations for conversion into recycling sites.

The recycling company tapped GVA because of its capacity to manage a complex international assignment across a wide geographical area, as well as GVA's expertise in all aspects of property acquisition and management.

"GVA is uniquely qualified to lead this complex, global and cross-cultural process," said Robert W. Hunter, president of GVA Hunter. "GVA Grimley and GVA Hunter have assembled a multi-disciplinary, technical team that uses the latest in relationship technologies to deliver world-class, property shopping and program management services. This unified technique provides Cyntech with one-stop, real-time tracking for every individual project worldwide. Unlike typical international acquisitions, this holistic approach serves as an open book between advisor and client."

Cyntech has developed several revolutionary, recycling processes to create an assortment of fuel types. One process converts 200,000 pounds of waste rubber per day -- the equivalent of 10,000 used tires -- into diesel fuel. Another technology transforms mixed plastics and carpet fibers into diesel fuel, liquefied petroleum gas, synthesis gas and electrical power.

The global assignment calls for all 130 sites to be fully operational within ten years. The project team estimates that it will cost $150 million to identify, acquire and manage each site.

GVA Grimley will identify, acquire and project manage 65 sites across Europe, the Middle East, and Africa, while GVA Hunter will coordinate the search for 65 sites across North America and the Pacific Rim.

Cyntech's patented recycling process is highly efficient, with 95 percent of the stock material converted into finished product. The process is cleaner and more commercially viable than current techniques, and produces higher quality products than existing methods.

Tires, plastics and carpets have long presented daunting challenges to environmentalists worldwide. Western Europe generates 200 million scrap tires annually, along with an equal amount of waste rubber products. There are more than 275 million used tires in the United States, or about one per person. More than a quarter of used tires are stockpiled, dumped or landfilled.