Waste tire recycler Bolder signs 20-year offtake agreement with Tauber Oil 

Boulder, Colorado – Waste tire pyrolysis company Bolder Industries has signed a 20-year strategic agreement with petroleum and petrochemical marketer Tauber Oil Co. for the offtake of its BolderOil branded pyrolysis oil.

As part of the agreement, Tauber Oil will be the exclusive purchaser of BolderOil for 20 years, acquiring approximately 2 million barrels per annum as supply becomes available from Bolder’s aggressive capacity build-out plans.

In a 19 Jan statement, Bolder said the partnership marked the ‘largest allocation and supply of tire-derived, sustainable oil known in the industry’.

Tauber will also manage all administrative and sales services including logistics, consulting, billing, and fulfilment between Bolder Industries and their global customers. 

In turn, Tauber will consult with Bolder on the design and engineering of any storage offtake and infrastructure at their current facility and future planned facilities. 

Bolder currently produces three grades: BolderOil Heavy, BolderOil Light, and BolderOil Base. 

The oil can be used in renewable fuels, as a replacement oil in ASTM grade carbon blacks, or in oil & gas well cleanup, and chemical solvents. 

“Through arduous due diligence we are confident and eager to provide [Bolder’s] sustainably derived petrochemicals at the level of quality, consistency, and specifications our customer’s demand,” said Jonathan Tauber, president Tauber Oil.

According to Bolder CEO Tony Wibbeler, such strategic investments and alliances will help the tire recylcer in its 'next phase of hyper growth'.

“This relationship enables us to grow our petrochemical business exponentially with a well-known and highly-respected partner that we are very pleased to be working with day-to-day,” he added.

Tauber was part of Bolder's 2021 €70 million fund raising, which covers the company's expansion of current facility in Maryville, Missouri; the recent acquisition of a former Pyrolyx facility in Indiana and the newly announced European expansion in the Port of Antwerp. 

Bolder said it is planning additional facilities, both in the US and overseas, in 2023 and beyond to meet rising demand from automotive, plastics, rubber, and sustainable petrochemicals manufacturers.