Wastefront AS, the Norwegian waste tyre recycling company, has announced an exclusive long-term project delivery partnership with Devaltec LLC, a project developer and solutions provider in new and sustainable energies.
Wastefront Signs Deal with Devaltec
Devaltec, which was first introduced to Wastefront by its liquid offtaker Vitol in 2019, will now act as the primary strategic partner to Wastefront and will co-lead the development of all upcoming projects for the next 5 years. Devaltec is contracted to successfully deliver production from multiple plants of a minimum 1000 MTD, commencing with Wastefront’s first waste tyre recycling plant in Sunderland, due for completion in 2023.
Led by its CEO Vianney Valès – a former top executive in Oil & Gas in Shell and Galp Energia – Devaltec’s team equips Wastefront with a wealth of experience in bringing innovative projects and technologies to commercial success. Devaltec’s rigorous approach to project management ensures a systematic mitigation of risks while maximising profitability.
The announcement follows the recent news that Wastefront had secured a 10-year offtake agreement with Vitol for the production of liquid hydrocarbons and certain non-liquid products due to be produced at the Sunderland plant and future plant sites.