Aiming to accelerate the use of renewable energy sources by recycling waste tires, InnoVent Renewables has announced its launch in the USA. The company will utilize its continuous pyrolysis technology to convert end-of-life tires, plastics and biomass into reusable fuels and chemicals.
To combat the estimated 100 million tires that are disposed of in North America each year, InnoVent Renewables has devised a continuous pyrolysis process that is claimed to have significantly higher efficiency compared with batch processing. During the net zero energy process, the company recovers several chemicals from the ELTs and other waste materials to produce fuels.
“We are thrilled to formally launch InnoVent Renewables and plan to ramp up operations into early 2024,” commented Vibhu Sharma, CEO of InnoVent Renewables. “Our investors, strategic advisors and management team are all fully committed to our success as we address the global challenge of waste tires. We firmly believe our proven process, deployed at scale globally, will have a huge positive impact on our climate and fill a clear environmental need.”
At present, InnoVent is operating in Houston in the USA, Pune in India, and Monterrey in Mexico. The company plans to expand throughout North America and Latin America, with additional plans to open facilities in Europe, the Middle East and Asia-Pacific.
InnoVent Renewables has begun planning for a commercial production plant in Monterrey, which is scheduled to begin operations in 2024.
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