MARYVILLE, Mo. (Oct. 20, 2009)—Carbolytic Materials Co. L.L.C. said its plant in Maryville that produces a carbon black alternative suitable for commercial use from scrap tires has opened.
The facility produces ApexCM material from scrap tires, which Carbolytic Materials said is a lower-cost, carbon black replacement suitable for use in hoses, gaskets, belting, roofing materials, plastic piping and other products.
Each ton of the material represents 380 recycled tires, 760 gallons of oil saved and 3,800 pounds of carbon dioxide emissions kept out of the atmosphere, the company said.
The company had received $12.4 million in state and federal financing for the project, with an investment made in connection with that by venture capital firm Advantage Capital Investment.
Carbolytic Materials hired nearly 30 employees for the operation, according to Advantage Capital.