Tauber Oil becomes exclusive buyer of Bolder Industries' BolderOil

BOULDER, Colo.—Bolder Industries Inc. and Tauber Oil Co. have reached a long-term partnership that will allow Tauber to be the exclusive buyer of BolderOil for the next 20 years.

The agreement, reached Jan. 19 between Bolder—a producer of scrap tire-derived, sustainable raw materials—and Tauber, a wholesale marketer of petroleum and petrochemicals—will give Tauber "the largest allocation and supply of tire-derived, sustainable oil known in the industry," according to Bolder.

Both companies say the agreement will accelerate the growth of sustainable materials across a range of industries.

"For years, we've closely monitored the race to turn tires to high-quality petrochemicals but, until we met the Bolder Industries team, we had yet to see it accomplished successfully at commercial scale," said Tauber Oil President Jonathan Tauber. "After visiting their facility, it was immediately apparent they were doing something special. We expect this partnership will give way to expansion and deliver meaningful environmental impact that our customers and the world needs."

Tauber Oil will look to purchase approximately 2 million barrels per year, made possible by Bolder's aggressive build-out plans for BolderOil capacity. Bolder produces three grades, BolderOil Heavy, BolderOil Light and BolderOil Base.

While Tauber will manage administrative and sales services between Bolder Industries and its international customers, Bolder will provide Tauber with its design expertise on storage infrastructure.

"Strategic investments and alliances such as this signal the next phase for our hyper-growth company," said Bolder CEO Tony Wibbeler. "This relationship enables us to grow our petrochemical business exponentially with a well-known and highly respected partner that we are very pleased to be working with day to day."

Tauber assisted in Bolder's 2021 $80 million investment, which assisted in the expansion of Bolder's current facility in Maryville, Mo.; acquisition of a Terre Haute, Ind., facility; and a recently announced European expansion in the Port of Antwerp.

"To be able to take something as notoriously synonymous with pollution as an old tire and repurpose it into literally hundreds of different useful products is an incredible achievement by Bolder Industries," said David Tauber Sr., chairman of Tauber Oil. "We at Tauber Oil are delighted to have a hand in bringing to market products from our industry that not only reduce production emissions and natural resource use, but keep millions of tires out of landfills every year."

BolderOil is used in renewable fuels, as a replacement oil in ASTM-grade carbon blacks, oil and gas well cleanup, and chemical solvents.

In the company's overall scrap tire recovery process, more than 98 percent of every tire is repurposed, Bolder said.