- Lummus will be the exclusive licensor for InnoVent's tire pyrolysis technology.
- The technology converts end-of-life tires into pyrolysis oil, gas, recycled carbon black, and steel.
- InnoVent's facility in Monterrey processes up to one million passenger tires annually.
Agreement Overview
Lummus Technology and InnoVent Renewables have signed a Memorandum of Understanding (MoU) to license and deploy InnoVent's continuous tire pyrolysis technology globally. This collaboration aims to address the global challenge of waste tires by converting them into valuable products.
Technology and Licensing
Under the MoU, Lummus will serve as the exclusive licensor for InnoVent's proprietary technology, which transforms end-of-life tires into pyrolysis oil, gas, recycled carbon black, and steel. Lummus will also offer comprehensive technology packages that integrate InnoVent's process with its own downstream technologies to enhance the value of fuel and chemical outputs.
Environmental Impact
The partnership seeks to tackle the environmental and public health issues associated with the disposal of 1 billion end-of-life tires annually. By converting waste into valuable resources, the collaboration aims to reduce carbon emissions and support a more sustainable future.
Operational Capacity
InnoVent operates a commercial facility in Monterrey, Mexico, capable of processing up to one million passenger tires annually, with potential for additional capacity expansion.
