
Australian company Entyr Limited raises $7.9 million AUD to expand tire recycling operations
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.