WORKSOP, England—Carlton Forest Renewables has received a "substantial grant" from the United Kingdom government to support a continuous pyrolysis plant for end-of-life tires (ELTs).
Facilitated by the University of Derby, the grant has been awarded to highlight the innovation behind the project and its contribution to local community. The grant's amount was not disclosed.
"The $6.8 million investment made by the group has been to this point entirely funded without the aid of grants," said Scott Robson, managing director, Carlton Forest Renewables, in a Sept. 21 statement.
According to Robson, the commitment, under the "invest to grow" plan of the Department for Business, Energy and Industrial Strategy (BEIS), will help the company launch fully continuous operations and grow through additional plants across the country.
The University of Derby's plan provides repayable grants of between $20,000 and $350,000 to businesses in the East Midlands to innovate, grow and create jobs.
The Carlton Forest's plant, according to the company, is expected to become fully operational in a few weeks.
The facility is scheduled to start 24/7 operation toward the end of the year.
Located in Worksop, in the East Midlands of England, the plant will recover more than 1.8 million tires from the country's total of 57 million ELTs per year.
Under the group's patented design, the plant will have a modular layout with each reactor module recovering 1 million gallons of oil and 25,000 metric tons of carbon char from 75,000 tons from end-of-life tire crumb.
Under its five-year vision, the group aims to generate 26 million gallons of renewable oil per year by 2026.