Advanced Recycling Sciences Inc. announced the signing of a Memorandum of Understanding with German Environmental Investment firm N.E.W. Umwelt AG, Munich, for the development of the ARS Tires2Oil technology in Germany.
The MOU will allow the German company to build a tire recycling plant in Germany. The project is expected to be completed by the second half of next year.
N.E.W. Umwelt AG, a leading investment company in Germany in the area of environmental technology, is focused on investments in recycling technologies. They are a lead investor HASOPOR AG, a company producing "foam glass" out of waste glass including light bulbs and fluorescent tubes.
In the Tires2Oil process, scrap tires are shredded and granulated and the steel and fabric used in the tires is removed. The resulting crumb rubber is processed in a hydrocarbon-based solvent at a thermodynamically critical condition to depolymerize the crumb rubber and allow for recovery of oil and carbon black.
According to ARS, the Tires2Oil process can also handle plastic waste.
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