Contec tire processing effort receives funding

Poland-based Contec S.A., a producer of recycled-content products made from end-of-life tires, has secured 15 million euros ($16.4 million) in funding this year.

Blachy Pruszyński, a Polish manufacturer of steel roofing and facades, has recently contributed 5 million euros ($5.46 million), which adds to funding already provided by VINCI and the Warsaw Equity Group. Those two entities announced an investment of 10 million euros ($10.9 million) in Contec this March.

The investments will be used to triple the capacity of Contec’s current facility in Szczecin, Poland, and to position the company for the construction of several new commercial plants in Europe, Contec says.  

Contec estimates that each year, more than 1 billion end-of-life tires (ELTs) are discarded globally. “Improper disposal of ELTs leads to environmental issues such as land and air pollution,” the company states.

However, the company adds that ELTs also can offer a prime example of a valuable resource that can be transformed into high-quality feedstock for reuse in a circular manner.

More than one global tire producer has set a target to incorporate 30 percent or more of sustainable materials in the production of new tires by 2030.

“For many years, we have been supporting the efforts of the manufacturing sector to promote environmental sustainability and circularity,” says Krzysztof Wróblewski, CEO of Contec.

“Contec’s circular products significantly reduce the carbon footprint by more than five times compared to traditional fossil fuel-based raw materials. That’s why there is a great deal of interest in recovered carbon black from the tire, manufactured rubber goods, plastics and pigment industries.”

Lead investor VINCI is a subsidiary of Warsaw-based Bank Gospodarstwa Krajowego while new investor Blachy Pruszyński is described as the largest Polish manufacturer of steel roofing and facades.

The firm’s majority shareholder is the Warsaw Equity Group, a leading Polish private investment company that invests and supports projects with innovative solutions in the areas of business-to-business automation and efficiency and climate tech.

The funding secured this year will be used to expand the capacity of Contec’s plant in Szczecin, Poland, almost threefold, the firm says. Following the completion of the expansion project, the Szczecin plant will have a nominal capacity to process 33,000 tons of ELTs per year and will bolster Contec’s production capacity for recovered carbon black and tire pyrolysis oil.

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An elevated cab is one of several features improving operational efficiency at the Macon County Solid Waste Management agency in North Carolina. When it comes to waste management, efficiency, safety and reliability are priorities driving decisions from day one, according to staff members of the Macon County Solid Waste Management Department in western North Carolina. The agency operates a recycling plant in a facility originally designed to bale incoming materials. More recently, the building has undergone significant transformations centered around one machine: a SENNEBOGEN telehandler (telescopic handler).

“The demand for circular products has far surpassed the existing production capacity of the Szczecin plant,” Contec says. “The raised capital will enable Contec to meet this growing demand by expanding production.”

The expansion of the Szczecin plant is already in progress, with additional production lines set to begin operating in the first half of 2024.

“Furthermore, Contec is actively scouting optimal locations for the construction of several new commercial plants across Europe,” Contec says.