Tirex forms JV for recycling scrap tyres

ERJ staff report (LMH)

Westport, Connecticut -- Tirex Corp., owner of a patented tyre recycling technology called the TCS System, has entered into a joint venture agreement with Wyoming Corporate Headquarters llc (WCH) of West Columbia, South Carolina, to recycle scrap tyres.

"With the successful collection of scrap tyres, this joint venture moves Tirex from its 'developmental stage' to a commercial entity with revenue generating operations and is just the tip of the iceberg for the expansion of our technology into the market," said Tirex president, John Threshie in a 6 Jan news release.

Tirex owns 25 percent of the joint venture, Threshie added.

JECC of Quebec, Canada, an engineering construction firm, has been identified to undertake the fabrication and installation of the TCS system, estimated at a cost of $7.5 million (Euro 5.8 million).

Consultancy group WCH, the majority owner of Altgen llc of Evanston, Illinois, has recently been awarded a statewide license from Tennessee giving them the legal right to collect, store and process used and rejected tyres at its 100 000 sq.ft (9290 sq.m) facility in the Memphis city area.

Tirex said its TCS-2 tyre recycling system has been selected for use at the renewable energy company's new facility and represents the first commercial installation of a TCS-2 system.

"Tennessee generates more than 45 000 tonnes of scrap tyres annually, and we are negotiating, on a county-by-county basis, the collection and recycling fees it generates ranging from $50-$90 per tonne received at collection," said WCH CEO, Brooks Stanton.

Tirex's TCS (Tirex Cryo System) process freezes scrap tyre pieces with cold air - as opposed to expensive liquid nitrogen - and then "fractures" the rubber into granules in a fracturing mill instead of cutting and shredding it. This process also separates the marketable strands of steel and fibre from the frozen ground rubber as an environmentally friendly, economically attractive "green" tyre recycling system.

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Press Release from Tirex Corp.