HOUSTON—Devaltec L.L.C. is teaming with Wastefront A.S., a waste tire recycling company in Norway, to help lead development of all projects during the next five years.
Devaltec, which develops new and sustainable energy projects, is based in Houston.
"Devaltec is contracted to successfully deliver production from multiple plants of minimum 1000 MTD, commencing with Wastefront's first waste tire recycling plant in Sunderland in the North East of England, due for completion in 2023," the company said.
"Wastefront's ambition is to become the world leader on tire recycling, building a profitable growth company while at the same time solving a global environmental problem," said Wastefront CEO Inge Berge in a statement. "We believe Devaltec's industrial background and project experience will play a key part in realizing Wastefront's potential."
Devaltec CEO Vianney Vales said the partnership "brings together two companies with complementary skills, able to capture significant value in sustainable energy and waste recycling."
Wastefront plants will use conventional technologies in conjunction with the company's proprietary process to recycle tires. This will "minimize the environmental impact typically associated with traditional tire pyrolysis," the companies said in a statement.
Wastefront's first plant in Sunderland will have an annual capacity of 72,000 tons per year with outputs including liquid hydrocarbons and carbon black.
