Lummus Technology invests in tire recycling solution from InnoVent Renewables

Lummus Technology has announced an investment in InnoVent Renewables to accelerate deployment of its proprietary tire recycling technology.

Lummus says InnoVent’s technology offers a scalable end-to-end solution for converting end-of-life tires into products such as tire pyrolysis oil, recovered carbon black, pyrolysis gas and steel.

“Investing in InnoVent reinforces our commitment to advancing sustainable, circular technologies that solve real environmental challenges,” Lummus President and CEO Leon de Bruyn says. “Our collaboration has already demonstrated strong technical and commercial synergy, and this investment will accelerate global adoption of a proven recycling solution.”

Lummus and InnoVent, both based in Houston, first established their partnership in 2025, with Lummus serving as the exclusive global licensor of InnoVent’s tire pyrolysis technology.

“InnoVent is thrilled to expand our strategic partnership with Lummus,” InnoVent CEO Vibhu Sharma says. “Lummus’ global reach and technology leadership will help us scale rapidly and bring our solution to markets that urgently need sustainable, high‑value alternatives to traditional tire disposal.”

InnoVent currently operates a commercial facility in Monterrey, Mexico, capable of processing up to 1 million passenger tires annually. Lummus’ investment aims to increase production capacity at the facility and enhance the technology’s commercial viability.