First Commercial Implementation of Tirex TCS System a Step Closer

US based tyre recycling solutions developer the Tirex Corporation announced on July 14 that Italian company Simpro S.p.A., who is licensed by Tirex to manufacture, install, commission and warrant turnkey its TCS tyre recycling facilities, recently signed a US$20.8 million Memorandum of Understanding with Enchantex Solutions of Malaysia for such a system.

“This is a major milestone for Tirex and our TCS technology as it begins the production of the first commercial tyre recycling system to freeze tyre rubber with cold air as opposed to using expensive liquid nitrogen,” stated Tirex CEO John L. Threshie Jr. “The completion of the TCS purchase agreement(s) will allow us to offer reduced price points of its higher value-added crumb rubber ideally suited as infill in the expanding and lucrative synthetic turf industry.

Tirex says it anticipates announcing other TCS technology agreements currently in the discussion phase that would expand its technological reach internationally. The company also reports that Simpro S.p.A.’s manufacturing of the “fracturing mill” section of the Tirex TCS system in Simpro’s Brazilian factory is now 70 per cent finished and is expected be completed in Italy before the fourth quarter of this year. “In addition to our recent announcement of Simpro’s signing of a Memorandum of Understanding to build the first commercial TCS System in Malaysia, the completion of the ‘fracturing mill’ marks another milestone as we move forward in production,” commented Threshie.