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HOUSTON-Cyntech Technologies Inc., a Houston-based petrochemical and hydrocarbon recycling company, has selected two offices of Chicago-based GVA Worldwide to identify, acquire and manage a $19.5-billion recycling venture spanning 130 sites around the world. The sites will be fully operational within a decade.

London’s GVA Grimley will work with 65 sites across Europe, the Middle East and Africa, while GVA Hunter, based in Chattanooga, TN, will coordinate the search and establishment of 65 sites across North America and the Pacific Rim. GVA estimates each site will cost $150 million to identify, acquire and manage.

Cyntech plants are designed to convert and recycle 200,000 to 600,000 pounds of waste per day, including rubber tires, mixed plastics and carpet fibers, into diesel fuel, liquefied petroleum gas, synthesis gas and electrical power. The company says 95% of the stock material is converted into finished product.

“Cyntech wants to be the first to the market with its unique recycling technologies,” says Michael Corbett, CEO for GVA Grimley and chairman of GVA Worldwide. “Through the direct involvement of senior partners and executives from GVA’s member firms, we have been able to demonstrate our ability to assemble the best teams to interpret the needs of the client and quickly put in place a strategy to locate suitable sites.

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