REVYRE Australia and New Zealand has partnered with Project Portfolio Management as it looks to step up a gear in the waste tyre sector.
According to REVYRE, the memorandum of understanding with PPM brings a highly capable team with the right values, project management and operational capabilities in the mining and heavy industrial sectors to support REVYRE in realising its strategy.
Last year, InfraCo and Energy Estate announced the REVYRE joint venture – a partnership dedicated to addressing the global end-of-life tyre disposal problem. Since then, significant progress has been made for REVYRE’s first facilities in both countries and gaining support from potential feedstock providers.
The REVYRE solution re-purposes 100% of tyre constituents by implementing a highly efficient circular process with near zero emissions, no by-products and no toxic chemicals. The technology can disintegrate most tyres, and recover the rubber compound and scrap steel for re-use.
REVYRE will focus initially on truck-bus-radial and off-the-road tyres. The Tyre Derived Polymer, or rubber compound, that is created from the REVYRE process can be used to make new tyres and in general black rubber goods manufacturing.
“REVYRE has entered the market at the right time to provide a global best practice solution to mining companies who continue to argue that burying or dumping tyres is the only viable option for them,” said Shaun Zukor, chief executive at REVYRE.
“We now know the REVYRE re-processing solution is economically viable, environmentally sustainable and helps tyre manufacturers keep their costs in check as natural rubber demand and risks rise,” he said.
“This is good news for mining companies and provides a good incentive to stop dumping tyre waste at the expense of the environment and communities.”
REVYRE recently announced its plan to raise funds to support the roll out of several priority plants across Australia and New Zealand. The company is currently in discussions with interested parties and is hoping to achieve financial close for the first sites within the next 12 months.
