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Core Insights - Circtec has officially launched its large-scale waste tire pyrolysis treatment plant in Delfzijl, Netherlands, capable of processing 50,000 tons of waste tires annually [1][8] - The plant's output includes three core products, with tire pyrolysis oil serving as a sustainable raw material for petrochemical and refining industries [1][8] Group 1: Plant Development - Circtec plans to initiate the second phase of the plant this year, which will add new production modules and increase the total recycling capacity to 200,000 tons per year [3][10] - Once fully operational, the plant is expected to cover approximately 6% of the total annual waste tire generation in Europe [3][10] - Currently, over 50% of Europe's waste tires are either incinerated in cement plants or exported to Asia for disposal, and this plant aims to change that situation [3][10] Group 2: Market Collaborations - Circtec has signed a long-term off-take agreement with Continental Carbon, which will supply recycled carbon black for its Continuum™ flagship decarbonization product line [4][10] - BP has also secured off-take agreements for the plant's HUPA brand marine fuel, recycled naphtha, and tire pyrolysis oil [6][12] Group 3: Financial Backing and Future Plans - Investment firms Novo Holdings and AP Moller have completed a €150 million financing round for Circtec, providing a solid financial foundation for its development [6][12] - Circtec aims to expand globally with multiple factory projects, utilizing both self-investment and joint venture models to achieve greater breakthroughs in waste tire processing [6][12]