Credential Launches £4 million Recycling Joint Venture
Newton Aycliffe-based Credential Environmental, a waste and tyre reprocessing specialist, has led a joint venture deal with global gas company BOC Gases and Toronto-based FieldTurf Inc, the world’s leading artificial sports surface manufacturer. The new venture, TyreGenics Ltd, will use a cryogenic process to produce large volumes of tyre ‘crumb’ from millions of waste tyres produced by Britain’s cars and commercial vehicles each year. The process involves freezing rubber using liquid nitrogen and shattering the frozen rubber into minute pieces. The first plant is expected to open in South Wales in spring 2007.