Castleton Commodities International L.L.C. has bought majority ownership of Delta-Energy Group L.L.C., a resource recovery company providing recycling solutions to the tire industry, including a patented process to recover carbon black and marketable liquid chemicals from used tires.
Bridgestone Americas, which is considered an “early-stage investor” in Delta-Energy dating back to 2014, will continue to be an active, but minority, investor, Castleton said.
Proceeds from the investment will be used to develop a commercial-scale plant in Natchez, Miss., with an estimated daily processing capacity of 100 tons of end-of-use-tires. Delta-Energy’s commercial plant will recover carbon black and other basic materials for reuse in tire production and other rubber-related manufacturing processes, as well as liquid solvents and fuels. The investment will further expand CCI’s activities in the renewables sector, which today include nearly 20 biomass electric generation facilities, emissions trading and biofuels marketing.
Read the full press release here.
Quoted article here.