Bolder Industries signs 20-year supply agreement with Tauber Oil

Independent US-based marketer of petroleum and petrochemical products Tauber Oil Company has become the exclusive purchaser of BolderOil for the next 20 years under new a strategic marketing agreement. Bolder Industries will annually supply approximately two million barrels of oil recovered from end-of-life tyres.

“United in both companies’ ongoing desire to build relationships that accelerate the growth of sustainable materials, this partnership provides Tauber Oil with the largest allocation and supply of tyre-derived, sustainable oil known in the industry by way of a proven industry pioneer,” comments Bolder Industries upon announcing the agreement.

Three grades of BolderOil are currently produced: BolderOil Heavy, BolderOil Light, and BolderOil Base. BolderOil has applications in renewable fuels, as a replacement oil in ASTM grade carbon blacks, oil and gas well clean-up, and chemical solvents. As a sustainably derived product, BolderOil increases environmental savings for end customers and, because it is decoupled from oil indices, can also improve pricing stability.

Bolder Industries explains that this partnership allows Tauber Oil to better serve its largest global customers by ensuring their ability to meet all regulatory guidelines while providing access to renewable petrochemicals on a consistent basis. “Both parties recognise this is an ideal time to solidify a long-term partnership driven by heightened demand of renewable and sustainable petrochemicals and considering that Bolder Industries has existing contracts for nearly half of its estimated BolderOil production through 2027.”

Doing something special

“For years, we’ve closely monitored the race to turn tyres to high-quality petrochemicals but, until we met the Bolder Industries team, we had yet to see it accomplished successfully at commercial scale,” says Jonathan Tauber, president of Tauber Oil. “After visiting their facility, it was immediately apparent they were doing something special. Now, through arduous due diligence, we are confident and eager to provide sustainably derived petrochemicals at the level of quality, consistency, and specifications our customers demand. We expect this partnership will give way to expansion and deliver meaningful environmental impact that our customers and the world needs.”

“Strategic investments and alliances such as this signal the next phase for our hyper-growth company,” adds Tony Wibbeler, chief executive officer of Bolder Industries. “This relationship enables us to grow our petrochemical business exponentially with a well-known and highly respected partner that we are very pleased to be working with day to day.”

Further facilities planned

Tauber was part of last year’s US$80 million investment in Bolder Industries, which assisted in the expansion of its current facility in Maryville, Missouri, acquisition of a facility in Terre Haute, Indiana and newly announced European expansion in the Port of Antwerp. Bolder plans additional facilities, both within the USA and internationally, in 2023 and beyond to meet rising demand from automotive, plastics, rubber, and sustainable petrochemicals manufacturers looking to meet their environmental, social, and corporate governance (ESG) goals. The company’s recovery process repurposes 98 per cent of each tyre, reducing greenhouse gas emissions, water, and power usage by 85 per cent compared to traditional manufacturing processes.

“To be able to take something as notoriously synonymous with pollution as an old tyre and repurpose it into literally hundreds of different useful products is an incredible achievement by Bolder Industries,” says David Tauber, Sr., chairman of Tauber Oil. “We at Tauber Oil are delighted to have a hand in bringing to market products from our industry that not only reduce production emissions and natural resource use but keep millions of tyres out of landfills every year.”