Life for Tyres (L4T) Group has signed a ten-year offtake agreement with Spanish base oils supplier Nexolub to market oils extracted from end-of-life tyres processed at the plant it is currently setting up in Puertollano, Spain. The L4T facility is scheduled to be completed in December and become operational the following month with an annual capacity of 27,000 tonnes – a quantity equivalent to eight per cent of the end-of-life tyres generated in the country each year – it will be one of the largest facilities of its type in Europe.