Financial Close Reached for Pyrolyx AG’s Carbon Black Tire Facility: E3 Consulting Served as Lender’s Technical Advisor

//Financial Close Reached for Pyrolyx AG’s Carbon Black Tire Facility: E3 Consulting Served as Lender’s Technical Advisor

Financial Close Reached for Pyrolyx AG’s Carbon Black Tire Facility: E3 Consulting Served as Lender’s Technical Advisor

E3 Consulting (E3) served as the lender’s technical advisor in support of the financing for construction of a recovered carbon black (rCB) plant in Terra Haute, Indiana.  The project is being built by Pyrolyx AG, Munich, Germany, the market leader in the extraction of carbon black from end-of-life tires.

Financial close occurred in August 2017. E3 is currently providing construction monitoring services for the state-of-the-art plant, which will recycle tire rubber to produce approximately 12,900 metric tons of rCB yearly.  According to Pyrolyx, its rCB manufacturing process is a cost-effective, sustainable alternative to traditional carbon black, which is produced from crude oil. The conditioned rCB can be used in the manufacture of new tires and in plastic, technical rubber and in masterbatch industries.

The plant will be Pyrolyx’s second, with the other located in Stegelitz, Germany, and is expected to employ 55 full-time staff when it begins commercial operations, expected in April 2019. The company will use the proceeds of $30.2 million in Economic Development Solid Waste Facility Revenue Bonds issued by its U.S. subsidiary, Pyrolyx USA Indiana L.L.C., to fund the construction.

E3 is proud to have been involved in this landmark project, which utilizes Pyrolyx’s breakthrough technology to convert end of life tires into recovered Carbon Black which is recycled for use in tires and other goods, noted Al Rettenmaier, E3’s project manager. Our world needs scores of these facilities to solve the huge tire disposal issues we face. E3’s review focused on technology, engineering, environmental, contracting, primary agreements, project costs and technical assumptions in the operating projections.

For additional information regarding the Pyrolyx Project, please contact Mr. Rettenmaier at 720-833-6342 or ar@e3co.com.

By | 2018-04-22T22:40:35+00:00 September 27th, 2017|Uncategorized|Comments Off on Financial Close Reached for Pyrolyx AG’s Carbon Black Tire Facility: E3 Consulting Served as Lender’s Technical Advisor