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Oil makes up approximately 35-45% of pyrolysis output depending on process conditions. Recovered fuel oil consists of three fractions with the middle fraction prevailing and it cannot be considered a substitute for traditional fuels before purification and sometimes additional treatment. Width of application of tire-derived pyrolysis oil depends on regulations in particular countries where a project is carried out. In countries with strict environmental protection regulations pyrolysis oil may require additional treatment and refinement, which in turn will increase production costs and lower profit margins.

The parties plan to complete the DFS by the end of June 2021 and anticipate the project being financed before the end of 2021, with construction taking place in 2022 and operations starting in 2023. It’s envisioned that with Klean’s intellectual property and know-how for the processing of scrap tires and its ability to apply its proven portfolio of IP on a global basis, starting with an operating tire recycling facility in Greece will shorten the project development cycle. This project is expected to transform end-of-life tires into high quality, valuable raw materials primarily a high grade recovered carbon black (“rCB”) and recovered fuel oil or what is known as pyrolysis oil akin to an MDO oil. This plant will be fully integrated with Klean’s proprietary tire char upgrading system that enables the economic conversion of low-value tire char into high-value carbon black replacements which can replace virgin Carbon Black by volumes of 10% up to 100% depending on the specific application. Klean estimates that the carbon emission offsets from the Pyrolysis Hellas facility will be in excess of 100,000 metric tons annually.

Klean Industries Inc. – a Canada-based cleantech company specialized in the conversion of waste into energy and recovered resources and tire waste pyrolysis company – has partnered with Kodexe for the development and implementation the KleanLoop DApp Blockchain SAS, a platform which will be used to tokenize all waste and recyclables on the global marketplace. The platform will also make it possible to manage the whole supply chain for all initiatives including recycling, waste processing, and waste-to-energy.

Recovered Carbon Black (rCB) producer Klean Industries Inc. will become equipment supplier for five more India-based rCB upgrading facilities after signing a letter of intent; this move brings an overall number of facilities in the Asian country developed within the last two years to eight. The corporation has noted that the demand for rCB is substantial, and Klean has expansion plans throughout Asia. The demand growth comes at a time when the industry is witnessing virgin carbon black deficit and import levies in India.