Process tech firm Lummus Technology has announced an investment in US-based recycler InnoVent Renewables to accelerate deployment of its proprietary tyre recycling technology. Terms were not disclosed.
It is estimated that over 1 billion tyres end up in landfills every year. To address this, InnoVent’s technology offers a scalable, end-to-end solution for converting end of life tyres into high-value products such as tyre pyrolysis oil, recovered carbon black, pyrolysis gas and steel, from pre-processing through purification.
In 2025, Lummus and InnoVent first established their partnership with Lummus serving as the exclusive global licensor of InnoVent’s tyre pyrolysis technology. Lummus also leverages its extensive licensing network, advanced process technologies and engineering expertise to globally scale the technology.
InnoVent currently operates a commercial facility in Monterrey, Mexico capable of processing up to 1 million passenger tyres/year. Lummus’ investment will help increase production capacity at the facility and enhance the technology’s commercial viability.
“Investing in InnoVent reinforces our commitment to advancing sustainable, circular technologies that solve real environmental challenges,” said Leon de Bruyn, President/CEO of Lummus Technology. “Our collaboration has already demonstrated strong technical and commercial synergy, and this investment will accelerate global adoption of a proven recycling solution.”
“InnoVent is thrilled to expand our strategic partnership with Lummus,” said Vibhu Sharma, CEO of InnoVent Renewables. “Lummus’ global reach and technology leadership will help us scale rapidly and bring our solution to markets that urgently need sustainable, high?value alternatives to traditional tyre disposal.”