Independent US-based marketer of petroleum and petrochemical products Tauber Oil Company has become the exclusive purchaser of BolderOil for the next 20 years under new a strategic marketing agreement. Bolder Industries will annually supply approximately two million barrels of oil recovered from end-of-life tyres.
End-of-life tyre raw materials firm Bolder Industries has purchased a former Pyrolyx facility in the USA. It will retrofit the plant in Terre Haute, Indiana, which ceased operations in March 2020, with the Bolder Industries proprietary solution. Bolder will use the facility to increase its manufacturing capacity and commence production there early in 2023.
US-based sustainable materials supplier Bolder Industries, Inc. is looking forward to increasing deliveries to tyre makers and other manufacturers thanks to a new partnership with Liberty Tire Recycling, one of the leading providers of tyre recycling services in North America. It anticipates that the Liberty-supplied feedstock will help it meet growing contractual obligations for its BolderBlack recovered carbon black and BolderOil petrochemicals.
Bolder Industries, Inc., a US-based firm specialising in converting end-of-life tyres into sustainable carbon black, oil and steel, has raised US$80 million in equity and an additional $100 million in committed project-level funding. This will support global growth to meet rising customer demand, including long-term contracts from major automotive, manufactured rubber, plastics and sustainable petrochemicals partners. Funding is co-led by CIM Group and Aravaipa Ventures and supported by strategic partner Tauber Oil.