Bolder Industries On The Move

New offtake agreement for sale of tire-derived oil and the first project secured in its European expansion are driving the company’s growth

Colorado-headquartered Bolder Industries, Inc., has signed a  20-year marketing agreement with Houston,Texas-based   Tauber Oil Company, for exclusive offtake of BolderOil™, its sustainably derived petrochemical product. Bolder Industries converts end-of-life tires into carbon black alternatives and petrochemicals using a proprietary material science process and extraction technology.

The company currently produces three grades of tire-derived oil: BolderOil™ Heavy, BolderOil™ Light, and BolderOil™ Base. BolderOil™ has applications in renewable fuels, as a replacement oil in ASTM grade carbon blacks, oil and gas well cleanup, and chemical solvents.

As a sustainably derived product, BolderOil™ increases environmental savings for end customers and, because it is decoupled from oil indices, can also improve pricing stability, Bolder Industries CEO Tony Wibbeler said.

Under the agreement, Tauber Oil will be the exclusive purchaser of BolderOil for 20 years, acquiring approximately two million barrels per year as supply becomes available from Bolder.  Tauber will also manage all administrative and sales services including logistics, consulting, billing, and fulfillment between Bolder Industries and its global customers. In turn, Tauber will consult with Bolder on the design and engineering of any storage offtake and infrastructure at its current facility and future planned facilities

According to the companies, this partnership allows Tauber Oil to better serve its largest global customers by ensuring their ability to meet all regulatory guidelines while providing access to renewable petrochemicals on a consistent basis. Both parties recognize this is an ideal time to solidify a long-term partnership driven by heightened demand of renewable and sustainable petrochemicals.

“For years, we’ve closely monitored the race to turn tires to high-quality petrochemicals but, until we met the Bolder Industries team, we had yet to see it accomplished successfully at commercial scale. Jonathan Tauber, President of Tauber Oil, said.

“After visiting their  Maryville, Missouri manufacturing facility, it was immediately apparent they were doing something special. Now, through arduous due diligence, we are confident and eager to provide sustainably derived petrochemicals at the level of quality, consistency, and specifications our customers demand. We expect this partnership will give way to expansion and deliver meaningful environmental impact that our customers and the world needs.”

For Wibbeler, the partnership represents the kind of strategic investment and alliance such that will enable Bolder to grow its petrochemical business exponentially with a well-known and highly respected partner.

Tauber was part of the 2021 $80 million investment in Bolder Industries, which assisted in the expansion of its current facility in Maryville, Missouri, and acquisition of a Terre Haute, Indiana, facility and newly announced European expansion in the Port of Antwerp.

Additional facilities, both domestically and overseas, are planned in 2023 and beyond to meet rising demand from automotive, plastics, rubber, and sustainable petrochemicals manufacturers looking to meet their environmental, social, and corporate governance (ESG) goals. In Bolder’s recovery process, 98 percent of each tire is repurposed, reducing greenhouse gas emissions, water, and power usage by 85 percent compared to traditional manufacturing processes.

Tauber Oil Chairman David Tauber, Sr., called Bolder’s ability to repurpose end-of-life tire into “literally hundreds of different useful products, an incredible achievement” and welcomed the opportunity to “have a hand in bringing to market products from our industry that not only reduce production emissions and natural resource use but keep millions of tires out of landfills every year.”

© Scrap Tire News, February 2022