Norwegian waste tyre recycling company Wastefront has appointed Vianney Valès as its new CEO, replacing founder Inge Berge, who moves to chief operating officer. Valès is a former top oil and gas executive in in companies such as Shell and Galp Energia. He was first introduced to Wastefront by its liquid offtaker Vitol in 2019, was initially engaged with the Norwegian company in his former position as CEO of Devaltec LLC, a project developer and solutions provider in new and sustainable energies. Valès will be responsible for de-risking the company’s first waste tyre plant project in Sunderland, due to begin construction in early 2022. Valès will relocate immediately to London from Houston, Texas. Wastefront added that Valès’ initial priorities will include the selection of an EPC partner, developing commercial agreements, and ensuring all outstanding permits are approved.
Norwegian waste tyre recycling company, Wastefront AS has entered into an exclusive long-term project delivery partnership with Devaltec LLC. The partnership will commence with Wastefront’s first waste tyre recycling plant in Sunderland, due for completion in 2023. Wastefront had previously secured a 10-year offtake agreement with Devaltec’s liquid offtaker, Vitol for the production of liquid hydrocarbons and certain non-liquid products due to be produced at the Sunderland plant and future plant sites. Devaltec will now be the primary strategic partner to Wastefront, co-leading the development of all upcoming projects for the next five years. It is contracted to deliver production from multiple plants of minimum 1000 MTD.