
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 and integration of third party equipment into turn-key solutions as well as the engineering, manufacture, installation, and maintenance of equipment suites licensed to customers and partners. 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 and a new plant under construction in Karcag, Hungary, will be operated by the existing unit, renamed New Energy Recycling. The consortium will be known as NE-Tech Group.