Wastefront in link-up to progress global scale-up of tire pyrolysis plants
14 Jul 2023
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Signs deal with VTTI to advance current UK project, study jointly-owned facilities worldwide
London – Wastefront has signed a deal with energy storage company VTTI to advance its existing UK tire pyrolysis project and look into establishing other such facilities worldwide.
The "strategic deal" consists of two packages: the initial one offering a $43-million investment by VTTI in Wastefront's project to build an end-of-life tire (ELT) pyrolysis plant in Sunderland, UK.
The second package, Norwegian group Wastefront stated 13 July, includes site-selection surveys for the construction of eight jointly owned ELT pyrolysis plants.
Located worldwide, the proposed facilities would employ Wastefront’s technology and be operated by VTTI, according to the statement.
VTTI is backed by major energy and infrastructure players Vitol, IFM Investors and Abu Dhabi National Oil Co. (ADNOC), Wastefront pointed out.
Located in Sunderland, Wastefront's €120-million waste-tire recycling plant is slated to be commercially operational by 2025.
Once fully operational, the facility will have capacity to process around 80,000 tonnes of end-of-life tires, according to the Oslo-based company.
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