Dunaharaszti, Hungary, 01 September 2025 – 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 manufacture, installation and maintenance of equipment suites to be 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 the production 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.

“Re-aligning our efforts will allow us to focus on the essential services our customers need in building new plants. It will also allow us to staff up more efficiently to overcome the challenges of multiple projects running in parallel”, said Viktor Varadi, CEO of NE-Tech Industries.

NE-Tech Group is a privately held consortium engaged in the development and installation of complete waste tire thermo-chemical upcycling facilities world-wide. Based on two decades of continued development funded by private investment and cashflow from operations since 2007, the Group is now delivering fully engineered pyrolysis solutions to a pipeline of new projects. Their proprietary reactor equipment is based on the highly engineered trade-marked CrCC® technology. The ISCC-EU, REACH, and ECHA certified turn-key facility solutions include all steps from shredding of End-of-Life Tires (ELT) to treatment of the liquid and solid output products. NE-Tech Group’s Tire Pyrolysis Oil (TPO) has been tried and tested by major petro-chemical giants, while the rCB product has been developed in cooperation with a major German auto-manufacturer. Technology licensing deals with the financially stable Group can be enabled through a prepared evaluation from a major European Bank.

Press release by New Energy.