NAVARRA, Spain (Sept. 27, 2012)—Lehigh Technologies Inc. is partnering with Hera Holding, a Spanish waste-to-resource company, to provide Lehigh's micronized rubber powder in Europe.
Lehigh will provide its production technology, and Hera will bring the materials into the industrial supply chain.
The cryogenic turbo mill technology developed by Lehigh turns uses scrap and post-industrial rubber into powders that can be used in manufacturing high-performance tires, consumer and industrial plastics goods, rubberized asphalt, coatings, and construction materials. Lehigh said the micronized powder is a sustainable replacement for synthetic polymers and associated rubber compounds used in
Lehigh CEO Alan Barton said Europe is an attractive region for Lehigh's powder because of its focus on sustainability.
Hera has operations in Europe, South America and the Middle East. Since the mid-1980s, it has operated waste-to-energy recycling plants, and seeks international markets to offer new, green technologies.
Lehigh recently announced it had raised $16 million from its investors for expansion and for research and development efforts.
Leaf Clean Energy Co., a renewable energy and sustainable technology investment firm, led the round of investment, and Kleiner Perkins Caulfield Byers, Index Ventures and NGP Energy Technology Partners also participated.