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Wastefront Breaks Ground on Sunderland Plant

Wastefront is the UK’s First Tyre-to-Fuel Facility to Fast-Track Global Sustainable Aviation Fuel Production and is now under construction

Developing any commercial scale pyrolysis operation is a long term proposition, and Wastefront has now reached the stage if breaking ground for its now plant in the UK.

The £100 million Sunderland plant is the UK’s first large-scale waste tyres processing facility dedicated to the SAF value chain, positioning IAG-backed Wastefront as a key player in working towards the UK’s ambitious targets to reduce carbon emissions.

Wastefront has announced that it has officially commenced construction on its groundbreaking £100 million tyre-to-fuel facility at the Port of Sunderland. The project marks a significant step in the UK’s push for sustainable aviation fuel (SAF) production, while delivering a major economic boost to the North East, and will create more than 100 local jobs. International Airlines Group (IAG) was the first European airline group to aim for 10% SAF usage by 2030 and in January this year, the company announced an investment in Wastefront.

The facility’s first commercial phase will be starting up at the end of 2026, with the second phase launching a year later. Once fully operational, the plant will process 10 million end-of-life tyres annually – making it the largest facility of its kind in Europe – converting them into tyre-derived oil for refining into SAF and other sustainable fuels. With around 55 million tyres reaching the end of their life per year in the UK, Wastefront’s fully circular process will address a pressing waste issue.

The Sunderland facility, the UK’s first fully circular tyre-to-fuel plant, utilises pyrolysis technology to convert end-of-life tyres into tyre-derived oil, which will be refined into SAF. Wastefront’s system is self-sustaining, recycling the gases generated during pyrolysis to power its operations. By 2030, Wastefront aims to operate four large-scale plants, collectively producing 128,000 tonnes of oil annually – enough to yield approximately 90,000 tonnes of SAF1.

The reduction of carbon emissions from aviation is critical for the industry. The UK’s SAF mandate – introduced on 1 January 2025 – requires at least 10 per cent of all jet fuel used in UK flights to come from sustainable feedstocks by 2030, rising to 22 per cent by 2040. However, domestic SAF production remains significantly short of the target of 1.2 million tonnes needed by 2030.

The project strengthens the North East’s position in the UK’s growing net zero economy. According to the Energy and Climate Intelligence Unit (ECIU), the UK’s net zero sector grew by 9 per cent in 2023, compared to just 0.1 per cent for the broader economy. Wastefront’s investment highlights the region’s leadership in sustainable innovation, positioning Sunderland at the forefront of the transition to more sustainable fuels.

Mars Mineral Grows Capabilities with New Fabrication Tech

Mars Mineral, a leading provider of pelletising technology, is enhancing its manufacturing capabilities through a new investment at its parent company, Woodward Inc.

Woodward, a precision metal fabricator, is expanding its square footage and installing a state-of-the-art shape cutting/layout burning machine to support increased production efficiency and precision.
This investment will further refine the fabrication of Mars Mineral’s advanced pelletising equipment, ensuring high-quality manufacturing for industries including recovered carbon black, biochar, energy storage, and mineral processing. The new burning machine enhances precision cutting and material processing, optimizing the production of components critical to pelletising systems.
Mars Mineral has built its reputation on providing high-performance pelletising technologies backed by decades of process expertise,” said Clayton Woodward, owner and president of both Mars Mineral and Woodward Inc. “By investing in advanced fabrication technology, we’re ensuring that our customers receive equipment engineered to the highest standards of quality and reliability.”
The facility expansion and equipment installation will enhance Mars Mineral’s ability to meet the increasing demand for sustainable pelletising solutions, particularly as industries seek innovative ways to repurpose carbon-based byproducts into valuable materials.
Construction is expected to be completed by the 4th quarter of 2025.

VTTI and Pyrum for Antwerp Project

Plant to be built at the VTTI Antwerp Terminal within the Port of Antwerp and Bruges with a planned recycling capacity of up to 90,000 tonnes of waste tyres per year

Belgium could become Europe’s centre for tyre recycling as another project is slated for pyrolysis in Antwerp.

VTTI, a leader in energy storage and infrastructure, has entered into an agreement with Pyrum Innovations AG, to develop a state-of-the-art waste tyres recycling thermolysis plant at VTTI’s Antwerp Terminal (ATPC). This agreement marks a significant step towards integrating sustainable waste management solutions into VTTI’s infrastructure and marks another important step in Pyrum’s international expansion plans.

The project entails the construction of a waste tyre recycling thermolysis plant with a processing capacity of up to 90,000 tonnes of End-of-Life Tyres (ELT) annually, implemented in two phases of 45,000 tonnes each. VTTI will hold full ownership of the plant, while Pyrum will act as the development partner, providing its proprietary and patented thermolysis technology. Following a comprehensive evaluation, Pyrum was selected as the development partner due to its advanced, proven thermolysis technology and successful track record of industrial-scale operations in Europe.

It is worth noting that there are three other plants slated for development in BelgiumBolder Industries Antwerp plant (20ktpa plus) , Tyros at Ostend (18ktpa plus 82ktpa ambient recycling) ), and Risource in Liege (18ktpa).

If all of these projects come to fruition, these three operations alone will require 228,000 tons per year in feedstock. According to ETRMA statistics Belgium produces around 87,000 tons per annum (2016). This will put Belgium in the position of being a net importer of waste tyres if these operations are to meet their targets.

The Pyrum partnership aligns with VTTI’s strategic vision of expanding its infrastructure footprint in sustainable energy solutions. As part of VTTI’s commitment to achieving 50 per cent of its earnings from transitional and sustainable energies, the development of this plant represents a key milestone in diversifying its portfolio. VTTI aims to develop similar plants at its existing sites across the globe.

Guy Moeyens, CEO of VTTI, commented on the partnership; “This collaboration with Pyrum marks a significant step in our journey towards a more sustainable future. By integrating cutting-edge thermolysis technology into our existing infrastructure, we are not only diversifying our energy portfolio but also contributing to the circular economy. This project reflects VTTI’s commitment to innovation and responsible energy solutions, reinforcing our role in the transition towards a greener and more sustainable energy landscape.”

By leveraging its existing infrastructure and expertise, VTTI aims to facilitate the transition to a circular economy while enhancing the sustainability of industrial side streams.

Pascal Klein, CEO of Pyrum Innovations AG, commented on the partnership; “The collaboration with VTTI marks the next important milestone in modern tyre recycling and offers great potential for the future. We are very proud of the trust placed in us and our technology. With the construction of our largest Pyrum recycling plant to date, which will have a capacity of up to 90,000 tonnes of ELTs per year, we are collectively making a strong statement for the circular economy in Europe. Our goal is not only to actively contribute to a more environmentally friendly future but also to create a sustainable recycling system for used tyres. We can only achieve this with a dedicated team and strong partners by our side.”

The new plant will be situated at ATPC within the Port of Antwerp and Bruges (PoAB), one of Europe’s key industrial hubs and home to the largest integrated chemical cluster in Europe. VTTI Antwerp’s strategic position within the PoAB ensures connectivity through an extensive pipeline network and proximity to both upstream and downstream industrial hubs. Furthermore, the location provides close access to Europe’s largest ELT markets, including Germany, the UK, and France, making it an ideal site for a large-scale recycling initiative.

The waste tyre recycling plant directly supports the European Union’s Green Deal objectives. The European Commission’s Circular Economy Action Plan (CEAP), a cornerstone of the Green Deal, seeks to reduce pressure on natural resources, foster sustainable economic growth, and contribute to the EU’s 2050 climate neutrality target.

With the agreement in place, VTTI has already allocated land at its Antwerp site for the project, and preparations for the permit application process are underway. Market consultation where relevant in relation to feedstock and offtake of TPO and rCB will follow in due course.

With the signing of the contract, Pyrum will now start the engineering phase, during which the plant design for a capacity of 20,000 tons of end-of-life tyres per year will be revised and expanded. The aim is to optimise the plant so that it can process up to 90,000 tonnes of ELTs per year in Antwerp.

This partnership underscores VTTI’s ongoing commitment to pioneering the next generation of energy infrastructure, reinforcing its role as a leader in sustainable energy solutions.

European Commission Confirms Non-OECD Countries  Appling for Non-hazardous Waste Imports

The European waste transhipment rules due to come into force by 2027 had the potential to help manage the export of waste tyres, however, things may not be as they seem

The Bureau of International Recyclers (BIR) has announced that b has confirmed that 24 countries have submitted applications to continue receiving non-hazardous waste from the EU beyond May 2027, when the new export prohibitions under the EU Waste Shipments Regulation will enter into force.

These applications, received by the 21 February 2025 deadline, came from: Bangladesh, Bosnia and Herzegovina, Egypt, El Salvador, India, Indonesia, Kazakhstan, Malaysia, Moldova, Monaco, Morocco, Nigeria, North-Macedonia, Pakistan, Philippines, Saudi Arabia, Serbia, Singapore, Taiwan, Thailand, Togo, Tunisia, Ukraine and Vietnam.

Tyres are currently listed as non-hazardous, and as such, those countries which have applied to the EC for continued imports of non-hazardous waste may continue to import beyond the implementation date of the Waste Transhipment Regulations.

This is notwithstanding the laws that make it illegal to export to markets where there is a failure to meet EC standards on emissions. Or, indeed, where the destination market has banned the import of waste tyres such as Nigeria, or where the have a ban on the import of tyres for pyrolysis – such as India and Pakistan.

In those three instances, it is common knowledge that illegal imports continue unabated. An opportunity has been missed to bring tyre exports under control.

BIR is a global association, and it represents the interests of its members around the world, including players in markets such as India. BIR’s motivations are not quite aligned with those of the European Commission.  BIR wants more non-OECD countries to apply for non-hazardous waste approval. Not because it helps improve recycling but rather because it is bad for business if they see markets closed off.

BIR states in its press release: “Throughout this process, BIR has worked to represent our global membership’s interests and highlight international trade’s role in resource efficiency. We remain concerned about potential impact on recyclers in non-applicant countries and EU recyclers who rely on these export markets. We assure members that BIR will continue its advocacy efforts, working closely with our member association EuRIC to ensure the implementation process addresses recyclers’ concerns and minimises supply chain disruptions.”

AZuR Promotes Circular Economy with New Partners

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Alliance for the Future of Tires (AZuR) is committed to the tyre circular economy which contributes to the sustainable mobility transformation, reduces waste and CO2 emissions and keeps valuable raw materials in circulation in a climate-friendly way

The circular economy is considered one of the key strategies for resource conservation, reducing waste and combating climate change while offering enormous potential for the environment and the economy. Unfortunately, the circular economy plays no role in the election campaigns. However, it is becoming more and more important in discussions with politicians.

More and more parliamentarians are supporting the circular economy. On February 12, 2025, the advantages of the tyre circular economy were on the agenda of the North Rhine-Westphalia (NRW) Ministry of Economic Affairs, with EU parliamentarian Dr. Andrea Wechsler expecting the AZuR delegation in her office in March 2025, according to AZuR’s February 2025 Newsletter.

On March 20, 2025, at the fifth AZuR partner meeting in Schkopau, Sythos expects around 80 partners from the tyre/recycling industry. The meeting aims to make various aspects of the industry visible while bringing people together through a dialogue. For the first time this year, there will be interactive World Café information islands – short discussion rounds in small groups.

Tyrecycle Opens Dedicated OTR Plant

Tyrecycle , Australia’s leading tyre recycler, has started making inroads into the huge mining tyre issues in Pilbara, Western Australia

Tyrecycle’s new facility at Port Headland, will have the capacity to process over 30,000 tonnes of OTR mining tyres annually, providing an efficient mine-to-processing service, and enhancing sustainability credentials for operators in one of the world’s busiest mining regions.

Tyrecycle Chief Executive Officer, Jim Fairweather, said opening the facility in such a busy mining area will make it easier than ever to deliver sustainable outcomes for end-of-life mining tyres and conveyor belts. Fairweather said; “As a market leader we are proud to see this first facility of its kind in the country up and running, revolutionising OTR mining tyre recycling will ensure that these massive tyres are no longer seen as a disposal challenge but instead a resource for the achievement of better sustainable outcomes.”

“Transporting end-of-life OTR mining tyres can be a challenge, which is why it was really important that we base this new facility as close to the source of the waste as we can.

“It’s been a five-year journey to get to this point, which is a great step forward for Port Hedland, the biggest export terminal in the world.”

Establishing a new facility in Port Hedland was not without challenges, including how to manage operations amongst the harsh weather conditions of the Pilbara.

Working with DomeShelter Australia, Tyrecycle’s team members and bespoke OTR tyre recycling equipment will be covered by a purpose-built structure, built to withstand all weather conditions.

Tyrecycle Domeshelter Australia
Tyrecycle’s Port Hedland OTR plant will be under the protection of Domeshelter Australia

Operations Manager at Tyrecycle’s new Port Hedland facility, Kane Goldsmith, said the structure allows Tyrecycle to be front and centre in the heart of the country’s busiest mining region, while also providing a safe environment for staff.

“We’re really proud of this new site, working closely with mining companies, we’ve developed a facility that safely and sustainably manages end of life OTR tyres, right on the doorstep of this leading mining region,” he said.

“Working with DomeShelter Australia to erect the dome has been a rewarding experience as our Tyrecycle staff can focus solely on handling and processing these mammoth tyres in a safe and controlled environment.”

This development comes as Tyre Stewardship Australia has focused its light on the mining tyre challenges the country has to face, a topic discussed with TSA’s Lina Goodman in our recent Tyre and Rubber Recycling Podcast.

Fairweather credited the mining industry for its willingness to work with Tyrecycle in driving the charge for more sustainable outcomes for its end-of-life OTR tyres.

“Mining companies recognise the importance of managing their waste streams responsibly, and we’re here to work alongside them to deliver more sustainable outcomes,” he said.

“They know that responsible management of end-of-life tyres is an important part of best practice operations, this new facility means burying these tyres in pit, will soon be a thing of the past.

“The mining sector has been eager for a solution to end-of-life OTR mining tyre management, and with the establishment of this new facility, Tyrecycle is providing them that solution.

“The outcomes our new plant provides are outstanding, we’ll be able to demonstrate significant traceability and chain of custody confidence, along with carbon benefits to our customers as a result of partnering with us for the sustainable management of their tyres and conveyor belts.”

Fairweather believes the new facility will address a significant gap in Australia’s capability of recycling mining tyres.

“We’re collecting OTR tyres at 10 per cent, while mining tyres are only being collected at 1 per cent, so there is a significant shortfall in the market which needs to be addressed,” he said.

“There’s 130,000 tonnes of OTR mining tyres generated every year in Australia and 50,000 tonnes of that is generated in the Pilbara, so if you’re going to build a plant to process these tyres anywhere around the country, you put it in Port Hedland.”

OTR mining tyres will be pre-processed at the Port Hedland facility before being sent to Tyrecycle’s facility in East Rockingham (south of Perth).

Tyrecycle’s East Rockingham site is Australia’s largest and most versatile tyre recycling operation, where OTR mining tyres will be processed into a wide range of products, including crumb rubber, which is used in road development, and our tyre derived fuel, which reduces greenhouse gas emissions by displacing coal as an energy source.

Pyrum Installs the World’s Largest rCB Grinding Plant

Pyrum sees strategic expansion of production capacities for recovered Carbon Black

Whilst there are larger scale pyrolysis projects under planning and construction in Europe, Pyrum Innovations has made considerable progress in creating its  targeted 20,000tpa plant at Dillingen, and has already started the process of building a second plant at Perl-Besch. Additionally, Pyrum has signed a number of MoU for plants from Greece to the UK.

Now, Pyrum Innovations AG has successfully completed the mechanical assembly of the new grinding plant at the site in Dillingen. With an input material of 1,650 kg/h and an output material of 1,350 kg/h, the jet mill developed by Hosokawa is the world’s largest grinding plant for rCB.

The difference between the input and output material is fed back to the beginning after each cycle and added to the process again, thus avoiding a loss of rCB. The expansion of the grinding capacity is expected to significantly increase the sales of rCB in the future.

After the company commissioned the two new reactors (TAD 2 & 3) last year as part of the site expansion, the installation of a new grinding and pelletising plant became necessary to be able to process the Carbon Black produced in the new reactors. After the completion of the mechanical installation, work has already started on the cabling that will supply the plant with power in the future. The grinding plant is scheduled to start operations in April 2025.

Pascal Klein, CEO of Pyrum Innovations AG stated; “With the successful completion of the assembly of the world’s largest grinding plant for rCB here in Dillingen, we can significantly expand our production capacities. The expansion will enable us to substantially increase sales of our rCB and thus take a further step towards a sustainable and future-oriented circular economy.”

Due to the technical interdependency between the grinding and pelleting plants, production is scheduled to start in the third quarter of 2025. The remaining components of the pelletising plant are already on their way and will arrive in the next few weeks, so that the assembly of the pelletiser can begin soon.

Digital Waste Tracking Kicked Down the Road

Digital Waste Tracking was supposed to be in place by April 2025, according to announcements made by the EA at the TRA Forum last September

This news will come as a relief to some, and no surprise to most. The hope was that by moving from a paper-based system to a digital system, the Environment Agency would be batter able to track waste and ensure that it was properly accounted for – at least within the limits of its jurisdiction.

The announcement, although generally welcomed, was taken with a pinch of salt, since it was eight years since the Environment Agency had announced the withdrawal of the T8 exemption, and there was no sign of it being removed.

Now, it is understood that the mandatory digital waste tracking system for the UK is almost certain to be delayed.

The policy established by the previous Conservative government is likely to be paused pending a review and the direction of the Circular Economy Taskforce.

Media reports suggest that local authorities have seen no evidence of any technology trial, which given the expected launch in April, suggests that the system is unlikely to go ahead on schedule.

DeFRA is quoted as saying;  “Ministers across the four nations have been reviewing the waste tracking policy and we will be providing an update very soon to provide clarity and reassurance for stakeholders.” 

This delay comes on top of the initial delay, as DeFRA’s own documents suggest the roll-out should have started between 2023 and 2024.

It is normal for policies set by one government to be “called in” by its successor. However, one has to ask why DeFRA has seen fit to delay this important tool in managing waste resources?

The Digital Waste Tracking plan would see offences and civil sanctions to be introduced around digital waste tracking requirements. Examples of offences were/ are likely to be :

• failing to register on the waste tracking service where required,

• intentionally or recklessly providing incomplete or false information in a digital record

• moving or receiving waste without a digital record

Essentially, this would mean that any waste handled outside the system would be illegal, and the digital tracking would reduce investigation times from months to days, or even hours.

The failure to roll out digital waste tracking in 2023 -2024 raises questions about who is driving the department. We have previously heard from George Eustace, a past Environment Minster, that the change on the T8 Exemption never reached his desk for a sign off. Now, we have another set of waste regulation nowhere near ready for authorisation.

DeFRA has stated in a response to the TRA’s Peter Taylor, that managing waste tyres is not a priority. It is beginning to appear that managing waste is not a priority full stop.

Recircle Awards Finalises the 2025 Shortlist with Four New Categories

In addition to the four new categories, the 2025 edition will recognise outstanding projects in the tyre recycling sector with the Industry Achievement Award for The Tyre Recycling Sector. The four new categories winners will be decided by the Nominations Committee directly instead of a public vote

Retreading Business and Tyre & Rubber Recycling magazines, the organisers of the Recircle Awards, the global industry awards event recognising sustainable innovation, production processes, management and services within the tyre retreading and recycling sectors, have finalised the shortlist for this year’s awards by revealing the nominees of four new categories, whose winners will be decided by the Nominations Committee position as the key industry awards event recognising sustainability in the tyre industry.

Recircle Awards Final Four
Recircle Awards Final Four Awards Announced

The Recircle Awards has also announced the nominees for the Industry Achievement Award for The Tyre Recycling Sector, with the Nominations Committee deciding the winner for this award as well. This award replaces the Best Tyre Recycling Research Project category, which the Nominations Committee has decided to suspend due to the lack of nominations.

As in previous editions, the Nominations Committee, responsible for deciding on the winners in the new categories, consists of 13 members from the tyre retreading and recycling sectors from around the world, standing out for their independence and experience in their respective fields, including the editors of the magazines Retreading Business and Tyre & Rubber Recycling. Its responsibilities also include selecting the list of finalists from the nominations made through the official vote and platform on the official Recircle Awards website.

In addition, the Best Tyre Recycling Innovation finalists have also been revealed. The public vote for this category will be open until Friday, March 14 at 23:59 GMT and can be lodged via the awards website. Participants and voters must remember that the voting system allows for only one vote per person and category.

The finalists of the new categories include:

Tyre Industry Education Award:

  • Geoff Fowler (Imperial College, London)
  • Gisele Jung (Université Libre de Bruxelles)
  • Tire Industry Association
  • Univipal
  • Weibold Academy

Spirit of Tyre Recycling Award:

  • Freee Recycle
  • Mathe Group
  • Pliteq Inc.
  • Pretred Inc.
  • PVP Triptis

Tyre Pyrolysis Award:

  • Bolder Industries
  • Contec SA
  • Ecolomondo
  • Greenval Technologies
  • Pyrum Innovations

Spirit of Tread Rubber Manufacturing Award:

  • Eversafe
  • Galgo
  • Kartindo Rubber
  • ITG
  • Tipler

Best Tyre Recycling Innovation – Open for Public Vote:

  • Evonik: Partial Reversal of Vulcanisation Using Vinyl Silanes
  • Regom: ELT sorting technology
  • Rover Research: Water Jet Demolition System for OTR, Truck and Bus ELTs
  • Rubber Conversion: New Devulcanisation Technology

The finalists of the first 14 categories revealed earlier can be found on the Recircle Awards website. The winners will be announced on Thursday, May 22 at the Autopromotec trade fair in Bologna, Italy.

“With today’s presentation of the remaining finalists, we are now in the final stretch of the Recircle Awards 2025. This has been an edition with numerous new features that we have implemented to reinforce the prestige of the awards. We can say that we are very satisfied with the effort we have made and the response we have received,” said David Wilson, Head Judge of the Nominations Committee and editor of Retreading Business and Tyre & Rubber Recycling.

“Of course, we will continue to acknowledge the contributions that the sector sends us. Our goal is to keep improving with each edition until we become the benchmark awards for the sector. I can only thank those who are voting for their support and participation and encourage them to continue voting until March 14. I wish the finalists good luck and invite everyone to the awards ceremony at Autopromotec.”

Tiger Infrastructure Partners Completes Bolder Industries Investment

Tiger Infrastructure has announced a transformational growth investment in Bolder Industries to provide growth capital to enable the development of new facilities

Bolder’s existing operating facility in Maryville, Missouri has commercialised its proprietary process for transforming ELT into recovered carbon black, for which demand is growing globally. The Company’s BolderBlack products help some of the largest brands in the world increase their use of sustainable materials and are currently found in such varied applications as tyres, wetsuits, roofing products, belts, hoses, construction piping, phone cases, and automotive parts.

Bolder also produces pyrolysis oil – BolderOil  – which has applications in renewable fuels, carbon black oil, process oils, solvents and petrochemicals, providing unique circularity features for their respective markets.

Bolder is currently constructing a second facility in Terre Haute, Indiana, to scale production, and has a third facility under development in Antwerp, Belgium.  The Company’s Belgium facility will be located in the NextGen District of the Port of Antwerp, which hosts other circular economy projects. Bolder has plans to develop additional sites after Terre Haute and Antwerp.

Tiger Infrastructures’ Emil Henry

Emil W. Henry, Jr., Tiger Infrastructure CEO & CIO, stated; “As an innovator in the production of recovered carbon black and pyrolysis oil, we believe that Bolder is in a prime position to capitalise on growing demand for validated, cost-effective circular economy products from ELT. Bolder has been at the forefront in demonstrating the ability to consistently produce high-quality products for some of the most discerning global consumer brands.”  

Joe Clemente, Tiger Infrastructure Managing Director, added; “We have been impressed by Tony Wibbeler, Founder and CEO, and his team. They are among the leaders in this emerging sector where there are very few players with the expertise and track record in developing these essential infrastructure projects.”

“We are thrilled to partner with Tiger Infrastructure in our next phase of growth,” said Tony Wibbeler. “Tiger Infrastructure is our partner of choice because they were a first mover in growth infrastructure and possess a successful track record in scaling infrastructure platforms like ours. Further, they have a valuable operating partner network and a unique transatlantic footprint that can help us grow our current and planned asset base in both the US and Europe. There is robust market demand globally for our products and we are excited to leverage Tiger Infrastructure’s expertise in building the infrastructure of tomorrow.”

Bolder Tony Wibbeler
Bolder Industries’ Tony Wibbeler

Bolder has secured patents relating to its technology and existing operations, as well as both feedstock supply and product offtake at both of its new facilities. Each new location is designed to recycle more than 4 million ELT annually.

A combination of supportive public policy and regulation as well as the circularity and sustainability goals of many consumer-facing companies, including large tyre, rubber and plastics firms, is helping to drive demand for Bolder’s products. Bolder expects to reduce greenhouse gas emissions by approximately 85 per cent compared to the competing traditional products.

Latham & Watkins LLP served as legal advisor to Tiger Infrastructure. King & Spalding served as legal advisor and Greenhill, a Mizuho affiliate, served as financial advisor to Bolder.