Texas-based Lummus Technology has tied up with InnoVent to jointly license and deploy its proprietary continuous tyre pyrolysis technology worldwide.
“This agreement marks the next phase of our partnership with InnoVent, as we work together to scale and advance a proven circular technology,” said Leon de Bruyn, President/CEO of Lummus Technology. “It also reflects our continued commitment to reducing tyre waste and building on Lummus’ legacy of collaborating with technology innovators to solve complex sustainability challenges.”
Earlier this year, Lummus and InnoVent signed a memorandum of understanding for the strategic partnership between the two companies. Under the agreement, Lummus will serve as the exclusive global licensor of InnoVent’s tyre pyrolysis technology, which transforms end-of-life tyres into valuable products such as pyrolysis oil, gas, carbon black, and steel. The collaboration will also integrate Lummus’ downstream processing technologies to enhance the value of fuel and chemical outputs.
InnoVent’s technology offers a scalable, end-to-end solution for converting ELT into sustainable fuels and high-value petrochemicals, from pre-processing through purification. The company currently operates a commercial facility in Monterrey, Mexico, capable of processing up to 1 million passenger tyres/year, with plans to expand capacity.