Investment firms Prismore Capital, BDI-BioEnergy International GmbH, and JR New Horizons (the investment arm of the Rieckermann Group) have jointly acquired Grupo BB&G’s advanced tyre pyrolysis technology through BB&G Recycling, a newly formed subsidiary. The investment includes patents, know-how, a demo plant in Portugal, and a collaboration agreement with tyre maker Bridgestone and Italian chemical firm Versalis (ENI).
This deal was finalised after BDI-BioEnergy International, co-acquired by Rieckermann in January 2024, was approached by Prismore Capital to be a potential technology and investment partner. BDI is a supplier and innovator of greentech solutions.
The tyre pyrolysis technology produces tyre pyrolysis oil (TPO) and recovered carbon black (rCB), both of which can be utilised to manufacture new tyres or alternative rubber-based products such as seals and compound-based plastic products.
BB&G brand will be further strengthened through continued process optimisation and technology leading to enhanced technology availability and high-quality product offerings in the market as well as the development of own industrial plants promoting a circular tyre economy.
The marketing and sales of the process technology to international markets also helps to address and solve critical environmental issues globally.
Miguel Gil Mata, CEO of Prismore Capital, commented; “This strategic investment marks a significant milestone in our efforts to strengthen and scale our circular economy vertical. We are excited to collaborate with BDI and Rieckermann to bring this cutting-edge technology to market.”
David Niederl and Manfred Baumgartner, Managing Directors of BDI, commented; “BDI is proud to be the technology partner in this joint venture. The innovative tyre pyrolysis technology not only addresses a critical environmental issue but also promotes a circular economy by converting end-of-life tyres into valuable products. This strategic investment also allows us to diversify and strengthen our position in pyrolysis technologies, thereby fostering innovation and technological advancements within the industry.”
Flynn Seidel, Chairman of Rieckermann GmbH, added; “With the tyre pyrolysis technology, our customers in Asia can look forward to the development of new and improved products and high-quality, sustainable options. Leveraging on the Rieckermann Group’s extensive operating network in Asia and MENA, we can effectively market the technology licenses and solidify BB&G’s position and ours as the first choice industrial solution provider.”