Bolder Industries Partners With Liberty Tire Recycling For Feedstock Supply
Colorado-based Bolder Industries, Inc. converts end-of-life tires into sustainable carbon black, petrochemicals, steel, and power, which it sells to rubber, plastic, and petrochemical businesses.
To meet its current contractual obligations for these sustainable raw materials, Bolder requires 60 million end-of-life tires annually for feedstock, which will gradually ramp up over the next 10 years.
Last month, Bolder completed a supply agreement with Liberty Tire, the largest end-of-life tire collection company in the U.S., collecting more than 200 million tires, to help meet its tire feedstock needs.
“This supplier agreement provides Liberty with the highest and best possible use for the end-of-life tires it collects while supplying Bolder with a steady, reliable source of feedstock for the next decade,” the companies said in a press statement. Tire companies, rubber manufacturers, plastic manufacturers, petrochemical chemical companies and, most importantly, the environment, benefit from this partnership, they said.
Bolder estimates this will contribute to 400 million lbs. of BolderBlack, 1.8 million bbls of BolderOil, and 100,000 tons of recycled steel, while reducing carbon dioxide emissions, water, and electricity usage by more than 90 percent. This is equivalent to removing 300,000 cars from the road each year.
“Liberty is in constant pursuit of the highest and best use of end-of-life tires. We have been investigating the chemical extraction business for many years and Bolder has proven to be a partner we can rely on to work with us and our customers on a large scale,” Thomas Womble, CEO of Liberty Tire Recycling, said. “Bolder and Liberty are aligned in their goals to increase sustainability for waste tires and our new partnership will accelerate the growth and global expansion for both companies in this critically important space.”
“Liberty Tire Recycling and Bolder Industries are here to provide full-scale opportunities to tire manufacturers who have committed to recycled content and sustainability goals. Bolder Industries is leading the solution for historically devastating end-of-life tire challenges. Our circular approach is what helps our customers meet their goals,” Bolder Industries CEO Tony Wibbeler, said. Wibbeler referenced its partnerships with Liberty Tire Recycling, Tokai Carbon, Continental Carbon and Tauber Oil, saying these partnerships “ unite the top brands in our industry to provide a closed-loop solution for the end-of-life tires without supply chain disruptions.”
© Scrap Tire News, December 2021