Pyrolyx withdraws from Australian and German stock markets
Reclaimed Carbon Black (rCB) firm Pyrolyx, which signed a five-year supply deal with continental in November 2019, has withdrawn from both the Australian and German stock markets.
Reclaimed Carbon Black (rCB) firm Pyrolyx, which signed a five-year supply deal with continental in November 2019, has withdrawn from both the Australian and German stock markets.
Waste rubber generated by tyre manufacturing could deliver increased energy savings and business opportunities according to IRR Waste 2 Energy. The company’s continuous pyrolysis technology, which is fully commissioned and in operation at its parent company Carlton Forest Group’s Worksop headquarters, has delivered “tangible results” in both “energy generation and the production of by-products such as pyrolysis oil and carbon char,” the company states. These materials can be refined further to produce high grade engine oil and recovered carbon black (RcB).
The Russian SME Bank has lent 48.7 million rubles (£497,000; 541,582 euros; US$633,100) to Intech Eco LLC, a tyre pyrolysis plant based in the Novokuznetsk industrial park, at the start of September 2020. According to local news reports the loan is for the purpose of building a large tyre disposal facility. Financing will be provided for five years under a program of Russia’s Ministry of Economic Development (according to the Russian Government’s Decree No. 1764 dated 30 December 2018). The loan is said to be secured by a guarantee from Russian Small and Medium Business Corporation (RSMB Corporation), covering up to 50 per cent of the loan amount.
BASF SE has announced that it is investing 16 million euros into Pyrum Innovations AG, a technology company specialized in the pyrolysis of waste tyres, headquartered in Dillingen/Saar, Germany. With the investment, BASF will support the expansion of Pyrum’s pyrolysis plant in Dillingen and the further roll out of the technology. BASF’s Pyrum investment follows the company’s partnership with New Energy, a similar tyre-derived oil project based in Budapest, Hungary at the start of September 2020.
BASF SE has signed an uptake supply agreement with New Energy, which specializes waste tyre pyrolysis and is headquartered in Budapest, Hungary. According to the agreement, New Energy will supply BASF with up to 4,000 metric tonnes of pyrolysis oil per year derived from waste tyres. In a pilot phase, the first volumes of the pyrolysis oil have already been used in BASF’s integrated chemical production site in Ludwigshafen, Germany.
Scandinavian Enviro Systems AB is reporting a “dramatic increase in interest” the pyrolysis oil the company extracts from end-of-life tyres. According to the company, the oil has a high bio content due to the natural rubber in tyres and is therefore “of great interest to many players in the market because it could replace fossil-based alternatives”. This, in turn, is likely to help Enviro’s sales revenues. “Based on the market response and our own calculations, we judge that the oil recovered from end-of-life tyres could contribute to a strong increase of revenues from recycling plants that use our technology,” Thomas Sörensson, CEO of Enviro, explained.
Carlton Forest Group has appointed a new financial director as it enters the next phase of its growth strategy. Scott Robson has joined the waste to energy company, home to the UK’s only continuous tyre pyrolysis plant. Originally from Leeds, Robson has a global career in director level finance roles. “We extend a very warm welcome to Scott and look forward to working with him as our portfolio of business continue their exciting growth phrases and strategic diversification,” said Mark Pepper, CEO, Carlton Forest Group Holdings. “He joins our driven and dynamic senior team and we know that he will have a long and successful career with us.”
Norwegian waste tyre recycling company Wastefront has chosen Port of Sunderland as the location for its first plant. Construction will begin in 2021. The company says that on completion it will be “the greenest waste tyre recycling plant in the UK.” The plant will convert locally-sourced End-of-Life Tyre (ELT) waste into useful commodities, including liquid hydrocarbons and carbon black, which can then be reutilised in processes such as alternative fuel or ground rubber manufacturing. The construction of the plant is expected to generate around 100 jobs in the region and, once fully up and running in the second half of 2022, the plant will employ up to 30 people full time. It is estimated the investment will be around £25 million.
Early in 2020 the UK government suggested a tentative plan to ban the export of all end of life tyres (ELTs). The timing was unfortunate, with the challenges of the rest of 2020 becoming increasingly apparent at the start of spring. However, with strict recycling, energy from waste, and environmental targets to meet over the next twenty years or so, many companies are pressing ahead in raising awareness and innovating within the broad recycling sector. ELTs represent a particularly important part of the new era in recycling introduced by the UK’s Environment Bill, not least because of new and incoming measures internal and external against used and end of life tyre exports, a popular, yet often damaging solution to the problem. Rory Hughes, technical director at IRR Waste 2 Energy, and a waste and recycling expert with more than 35 experience in the industry, told Tyrepress why adopting a more holistic approach to tyre recycling is the way forward.
A new pyrolysis-based tyre recycling technology is to help achieve targets set out by the Government Environmental Plan, according to the Carlton Forest Group. Subsidiary Carlton Forest IRR Waste 2 Energy will exclusively supply its continuous pyrolysis technology to businesses, urban regeneration schemes and local authorities across the UK. Established in South Africa in 2006, IRR was acquired by the Carlton Forest Group in 2018.
As we reported last month, Australian tyre recycler Green Distillation Technologies (GDT) believes the time is right for them to expand internationally. Now the company is highlighting its intentions to move into the European market. Tyres & Accessories understands that Greece and Italy are at the top of the list, but talks are also ongoing in the UK.
Norwegian tyre recycling startup Wastefront, has appointed Maria Moræus Hanssen as its chairperson. Heading up Wastefront’s board, Hanssen brings international experience from top-level positions within oil, gas and energy companies such as Hydro, Equinor, Aker and Engie. She has served as a board member of multiple Scandinavian industry leading companies – including Det norske oljeselskap ASA, Electromagnetic Geoservices ASA, and Yara International – over the past twenty years, with current, active board member positions at Alfa Laval, Scatec Solar and Oslo Bygg. She was previously deputy CEO and COO at Europe’s leading oil and gas company, Wintershall DEA. Wastefront has also announced its first £25 million tyre recycling facility will be built in the UK.
Norwegian tyre recycling startup, Wastefront AS has confirmed that its first plant will be located in the UK. It plans to invest between £20-30 million on the recycling facility, with its construction resulting in employment for around 100. When fully up and running, Wastefront adds the plant will employ between 20 and 30 people full time. The company, founded in 2019 in Oslo, is now deciding where to locate its first site. The company tells Tyres & Accessories that its plant will be the first to combine conventional technology with Wastefront’s own proprietary technology, which will minimise the environmental impact typically associated with traditional tyre pyrolysis. It adds that this will “make the UK plant the ‘greenest’ of its kind.”
Australian tyre recycler Green Distillation Technologies, which recycles tyres according to a kind of pyrolysis process, is considering expanding into the UK and other international markets.
Expansion began with an agreement with a tyre collection business who are so confident in the Australian technology that they have increased their commitment to GDT from 10 tyre recycling facilities across the US to 15 with the construction of three key plants to commence as soon as the regulatory agreements and government approvals are obtained.
Recycling firm Scandinavian Enviro Systems AB (Enviro) has completed a share issue worth 116 million Swedish Krone to Michelin. The issue is part of the letter of intent announced on 15 April 2020 and signals a “long-term strategic partnership between the two companies”.
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