Tire Recycling
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Nexera Reports AGM Results and Provides Update on CTO and Strategic Transition to Tire Recycling
TMX Newsfile· 2026-03-11 13:00
Core Viewpoint - Nexera Energy Inc. has successfully transitioned its business focus from oil and gas operations to industrial manufacturing and waste tire recycling, with all resolutions at its Annual General Meeting approved by shareholders [1][2]. Group 1: Business Transition - The company is in the final stages of completing submissions to lift the existing cease trade order (CTO) issued by the Alberta Securities Commission (ASC) [2]. - Nexera is repositioning its business to emphasize recycling end-of-life tires using advanced pyrolysis technology, which is a proven method for converting scrap tires into valuable materials [3][4]. - The completion of a pre-FEED study with Equinox Engineering Canada Ltd. validates the technical and economic feasibility of the proposed tire pyrolysis facility in Calgary, Alberta [1][5]. Group 2: Project Details - The pre-FEED study evaluates economic and logistical considerations, including project descriptions, block flow diagrams, preliminary equipment specifications, and estimated total installed costs [4][5]. - The findings from the pre-FEED study confirm the project's technical and economic viability, allowing the company to advance its strategic transition toward waste tire recycling and resource recovery [5]. Group 3: Future Outlook - The company anticipates that trading in its securities will resume once the CTO is revoked, which is expected in the near term [2]. - Further updates will be provided as the company progresses with its tire recycling initiative [5].
Joint Venture Partner Aresol Issues A Press Release Announcing JV Agreement With Ecolomondo
Thenewswire· 2025-10-20 13:25
Core Viewpoint - Ecolomondo Corporation has entered into a joint venture with ARESOL to establish its European subsidiary, Ecolomondo EU, which will focus on developing and implementing its Thermal Decomposition Process (TDP) technology for tire pyrolysis plants in the European Union [1][3][9] Group 1: Joint Venture Details - The joint venture aims to build at least four tire pyrolysis plants in the EU, with the first facility located in Valencia, Spain [3][9] - The agreement was formalized after a successful technical due diligence process that validated Ecolomondo's TDP technology for producing valuable products from end-of-life tires [5][9] - The initial ambition is to develop and build four plants, with potential for further expansion based on market conditions and combined capabilities of both companies [10] Group 2: Technology and Environmental Impact - Ecolomondo's TDP technology is designed to recover high-value commodities from scrap tires, including recovered carbon black (rCB), oil, syngas, fiber, and steel [18][20] - The TDP process is noted for its environmental benefits, reducing greenhouse gas emissions by 90% compared to virgin carbon black production, with expected CO2 reductions of 15,000 tons per year from the Hawkesbury facility and 45,000 tons from the Shamrock facility [29][22] - The technology has been validated through audits, confirming compliance with market standards and ensuring strong economic potential [6][9] Group 3: Strategic Importance - The partnership is seen as timely and strategically important for addressing the growing environmental challenges associated with tire waste management in Europe [7][9] - Both companies emphasize their shared vision and commitment to delivering a reliable technological solution to the pressing environmental challenge of end-of-life tire management [8][9] - ARESOL's expertise in the renewable energy sector and strong presence in the EU is expected to enhance the joint venture's success [11][8]