Egyptian students have built a machine they say can produce fuel from worn-out vehicle tires, after big rises in energy prices as part of recent economic reforms.

The device heats the tires until they reach evaporation point. The vapor then enters a condenser.

The product is ¡°very similar in properties to pure diesel and the carbon or black coal is just left inside the container,¡± said Mohamed Saeed Ali, one of 12 students who worked on the machine as a graduation project.

The students are currently searching for investors for their project.

¡°Instead of polluting the environment, we recycle them (the tires) properly in an eco-friendly manner,¡± Saeed said.

Egypt raised fuel prices by up to 50 percent in June as a condition of a $12 billion International Monetary Fund program the country signed last year.