CIRCTEC secures €150 Million investment to build Europe’s largest tire pyrolysis recycling facility
Discarded tyres pose significant environmental and health risks, accumulating in landfills, and polluting ecosystems with toxic substances. The current scale of tyre waste exceeds the reach of existing recycling efforts, with over half of Europe’s waste being incinerated or being exported to Asia and Africa for environmentally damaging disposal, underscoring the vital need for innovative solutions in tyre waste management. Moreover, the increasing adoption of electric vehicles will further exacerbate the tyre waste problem as tyres used for electric vehicles wear down faster. CIRCTEC, a UK-headquartered technology company, has developed a proprietary technology for decomposing old tyres through pyrolysis, (a process that transforms waste into valuable circular materials through thermal decomposition in an oxygen-free environment), and for upgrading the products to high-quality recycled chemicals and renewable fuels.