News from Notch Consulting, Inc.

August 30, 2017

Pyrolyx begins construction of recovered carbon black plant in U.S.

Filed under: Carbon Black, Tire Recycling — Notch @ 10:42 am

Pyrolyx A.G. has begun construction of a recovered carbon black plant in Terre Haute, Indiana. The German company said once fully operational, the facility can produce nearly 13 metric tons of carbon black per year at full capacity and will be capable of recycling about 4 million tires a year, with a staff of 55.

Pyrolyx will finance the project with the proceeds of $30.2 million in Economic Development Solid Waste Facility Revenue Bonds issued by a U.S. subsidiary, Pyrolyx USA Indiana L.L.C., the company said.

Niels Raeder, CEO of the Pyrolyx Group said: “By building its second plant – now in the USA, the Pyrolyx Group is emphasizing its global expansion plans. The increase in its production capacity will uniquely allow Pyrolyx to meet the growing demand for recovered carbon black. Even before construction begins, we have signed long-term purchase contracts for Pyrolyx rCB.”

Pyrolyx expects the plant to be in operation by May 2019.

Read the full press release here.

Sourced article found here.

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