According to Budapest Business Journal, Hot & Cold Therm (HCT), a Hungarian company engaging in planning and installation of technical building systems, has developed machinery that uses high-pressure water jet technology to recycle end-of-life tires. The Journal quotes Hungarian state news wire MTI as the source of the information.

HCT said the €1 million project was partly supported by the European Union grant.

According to the Journal, HCT’s managing director Zoltán Benkő told MTI that the company, based in Tiszalök (184 km northeast of Budapest), has set up a pilot plant that can turn out up to 500 tons of granulate from recycled tires a year. The process, which involves the recovery of end-of-life tire rubber, is completed at room temperature in a closed, circular process, he added.

HCT developed the machinery using an invention it acquired several years earlier. According to the Budapest Business Journal, the company had net revenue of HUF 1.3 billion last year.

Article by Budapest Business Journal.