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Pyrolyx completes cold commissing at Terre Haute and acquires ELT company 

Pyrolyx completes cold commissing at Terre Haute and acquires ELT company 

 

 Pyrolyx completed cold commissioning of the major systems at its recently constructed Terre Haute facility. Cold commissioning is the full operation of machinery and systems, which is done in preparation for hot commissioning and initial production.

The successful operations included the heating up of all 20 ovens in Pyrolyx’s unique system, operating the oil production system, all product-conveying systems and the finished product drying system. Over the coming weeks, Pyrolyx expects to conduct hot commissioning of all systems and commence production.

The company’s subsidiary, Pyrolyx USA, has completed the purchase of J&R Used Tire Service, Inc (J&R).

The transaction was originally announced on February 1, 2019 and consists of an asset purchase of J&R’s facilities and equipment, including its existing, permitted tire processing facility in Newport, Indiana. The total asset purchase price was $4.04 million. The Newport facility is 45 kilometres (28 miles) north of Pyrolyx’s existing facility in Terre Haute, Indiana.

As one of the region’s largest tyre processing businesses, J&R is an important strategic acquisition for Pyrolyx that allows the company to secure the supply of waste tyre to both the existing and the future additional facility in Terre Haute, Indiana. The combination of a profitable tire collection and processing business and Pyrolyx’s world-class technology for recovered carbon black production allows the Company to offer customers a ‘cradle to cradle’ solution that is both economically viable and environmentally sustainable.

Rodney Rogers, the former owner of J&R and now Pyrolyx’s Vice President of Business Development and Feedstock Supply said “We at J&R are very excited to be joining the Pyrolyx team. The facility and customers we have developed over the last 11 years will provide Pyrolyx’s existing and future Terre Haute facilities with high quality end of life tyre feedstock.”

Thomas Redd, CEO of Pyrolyx USA said, “Vertically integrating into tyre collection and processing allows Pyrolyx to provide a complete solution to customers including global tire manufacturers. This model of securing feedstock to our recovered carbon black manufacturing will allow Pyrolyx to profitably grow and ensure high-quality and consistent raw materials as we grow across the U.S.”

 

 

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