- Lummus will exclusively license InnoVent's tire pyrolysis technology globally.
- The technology converts end-of-life tires into pyrolysis oil, gas, carbon black, and steel.
- InnoVent operates a facility in Monterrey, Mexico, processing up to one million tires annually.
- The partnership aims to address the disposal of over one billion end-of-life tires each year.
Partnership Agreement
Lummus Technology and InnoVent Renewables have signed a master cooperation agreement to jointly license and deploy InnoVent's continuous tire pyrolysis technology worldwide. This agreement builds on a previous memorandum of understanding between the two companies.
Technology and Process
The tire pyrolysis technology transforms end-of-life tires into valuable products such as pyrolysis oil, gas, carbon black, and steel. Lummus will integrate its downstream processing technologies to enhance the value of the fuel and chemical outputs.
Global Impact
The collaboration aims to address the environmental and public health challenges posed by the disposal of over one billion end-of-life tires each year. InnoVent's technology offers a scalable, end-to-end solution for converting these tires into sustainable fuels and high-value petrochemicals.
Current Operations
InnoVent currently operates a commercial facility in Monterrey, Mexico, capable of processing up to one million passenger tires annually, with plans to expand capacity. The partnership with Lummus is expected to facilitate the global scaling of this technology.
