
Tire pyrolysis developer New Energy takes steps to streamline new project roll-outs
In a bid to effectively execute impending new projects, privately held New Energy re-organises itself in three units, each geared to specific aspects of establishing successful new facilities in Europe and beyond. Newly incorporated NE-TECH INDUSTRIES will focus on continued R&D, the engineering, manufacture, installation, and maintenance of equipment suites licensed to customers and partners, as well as supplying and installing turnkey facilities. Based on established relations with major European off-takers, the unit NE-TECH TRADE will help smoothly secure long-term supply contracts for product output of the new facilities. Existing operations will be operated under the name New Energy Recycling Kft., while the new plant under construction in Karcag, Hungary, will operate as RE-POL Kft.. The consortium will be known as NE-TECH GROUP. NE-TECH here acts solely as a turnkey technology supplier, not as an operator or shareholder of the project.