Entyr Limited – an Australian company delivering a complete circular solution for end-of-life tires – has raised $7.9 million AUD in capital to further develop its Stapylton plant in Queensland and achieve full commercial capacity. The company utilizes a patented thermal process to produce high-quality products from recycled tires, which are already being sold in commercial markets. Entyr aims to complete the transition to full commercialization this year.

The funds raised will support the expansion of Entyr's Stapylton facility and facilitate the final stage of site commercialization. CEO David Wheeley expressed gratitude for the support from both new and existing investors.

Over the past two years, Entyr’s patented thermal desorption process has transformed nearly 3 million tires destined for landfill, into high-quality products used in commercial infrastructure. The expansion of the Stapylton plant will raise the processing capacity to two million tires annually.

According to Entyr, this expansion will have a considerable environmental, social, and economic impact by reducing hazardous waste in landfills, providing high-quality products for manufacturing, decreasing the need for virgin resources, and generating increased revenue.

Entyr's products, including tire-derived oil and recovered carbon black (rCB), have already been used in commercial asphalt mixes, improving road safety, quality, and environmental sustainability. Entyr is internationally accredited by the International Sustainability and Carbon Certification Association (ISCC) for its contribution to a circular economy and reduction of greenhouse gas emissions.

To find out more, proceed to the company’s website or LinkedIn page.