2 years ago

Wastefront Secures $43 Million Investment from VTTI for Tire Recycling Plant in Sunderland

  • Wastefront, a Norwegian waste tire recycling company, has secured a strategic partnership with VTTI, a global energy storage infrastructure provider

  • The partnership involves a $43 million investment from VTTI, which will be used to build the first phase of Wastefront’s plant in Sunderland, UK

  • The two companies will also jointly develop eight new waste tire recycling plants globally.

      • ProblemWaste Management

      "Billions of end-of-life tyres are sent to landfill every year, creating a serious environmental hazard. They take hundreds of years to decompose and release harmful toxins into the environment."

      Solution

      "Wastefront uses a patented pyrolysis process to recycle end-of-life tyres into valuable materials like pyrolysis oil, carbon black, and steel. This process is environmentally friendly and creates a sustainable circular economy for tyres."

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