InnoVent Renewables Mexico signs LOI with ProDynamics to expand tire pyrolysis capacity
The proposed cooperation includes adding capacity in Monterrey for the processing of an additional 1 million passenger tires and developing further tire recycling and pyrolysis facilities in other Mexican states, including Guadalajara. IVR said the partnership would use ProDynamics’ nationwide tire distribution network to access end-of-life tires and convert them into renewable products such as pyrolysis oil, carbon black, recycled steel and gas. The companies said the project is intended to reduce emissions from end-of-life tires that would otherwise end up in landfills while supporting circular economy solutions in the regions where ProDynamics operates.