OU Bamatek retains Iporussia for finance to turn scrap tyres into petrochemicals

By Liz White, ERJ staff

Jericho, New York-Technology to process scrap tyres in Russia and eastern Europe received a boost 11 Oct. when OU Bamatek retained the services of Iporussia Inc., which provides business advice to private companies in the Russian Federation and eastern Europe.

OU Bamatak is an Estonian company which has rights to a patented treatment for producing petrochemical products from the rubber from scrap tyres. Under the agreement Bamatek will give Iporussia a 5 percent fee on any financing received for which Jericho-based…

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