Colorado Tire Recycling (CTR), which collects more than 12,000 tons of scrap tires each year, has reached agreement with Novo Energies Corp. to supply the firm with tire derived fuel (TDF) chips for the next decade.
TDF chips are the integral feed stock for Novo’s process of converting tires into fuels and additives, including gasoline and diesel.
CRT will provide a minimum of 6,000 tons of TDF for the first year, subsequently upping the annual amount to 12,000 tons.
The transaction “allows CTR to achieve a couple of its primary goals and objectives of recycling all of its scrap tires into higher value recycled end use products, as well as promoting a cleaner and greener environment by recycling scrap tires rather than disposing these scrap tires in landfills in Colorado,” says manager Dwain Immel.
“The production of transportation fuels from scrap tires in Colorado will be a new technology that will continue to support Colorado’s status as a leading renewable energy state – and one all retail tire dealer customers should endorse since it will actually reduce carbon emissions rather than just simply burning the TDF product as an alternative fuel and generating additional carbon emissions,” says Immel.
Novo plans to construct its first tire-to-fuel plant in the Denver area. It is expected to be fully operational by the spring of next year.
“We are delighted to enter into a contract to secure a consistent feed stock from a reliable source such as Colorado Tire Recycling,” reports Antonio Treminio, Novo’s chairman and CEO. “Having this feed stock source will enable Novo to pursue the opening of its first plant in the United States and further our commitment to our shareholders and the environment.”
For more information, contact www.novoenergies.com.
