- Lummus invests in InnoVent to expand tire recycling technology.
- InnoVent's tech converts end-of-life tires into pyrolysis oil, carbon black, gas, and steel.
- InnoVent's facility in Monterrey processes up to one million tires annually.
- Lummus became the exclusive global licensor of InnoVent's technology in 2025.
Investment and Partnership
Lummus Technology has made a strategic investment in InnoVent Renewables to advance the deployment of tire recycling technology. This collaboration aims to accelerate the global adoption of a proven recycling solution.
Technology and Process
InnoVent's technology provides a scalable, end-to-end solution for converting end-of-life tires into high-value products. These products include tire pyrolysis oil, recovered carbon black, pyrolysis gas, and steel, covering the process from pre-processing to purification.
Current Operations
InnoVent operates a commercial facility in Monterrey, Mexico, capable of processing up to one million passenger tires annually. Lummus' investment will help increase production capacity and enhance the technology's commercial viability.
Licensing and Global Reach
In 2025, Lummus became the exclusive global licensor of InnoVent's tire pyrolysis technology. The company leverages its extensive licensing network, advanced process technologies, and engineering expertise to scale the technology globally.
