Norwegian tyre recycler Wastefront is cooperating with energy storage infrastructure provider VTTI in a partnership that will bring with it investment of up to $43 million and an agreement to reach a final investment decision for eight global sites within a five-year period.
Backed by energy giant Vitol, Wastefront secured planning permission in January 2022 to build the £100 million tyre recycling plant in Sunderland, which is set to be commercially operational by 2024. Once at full capacity, the plant is designed to be able to manage 20 per cent of the UK’s total ELTs through processing 80,000 tonnes annually. Gateway Resources will supply Wastefront with nearly 10 million tyres every year.
At the end of January, Wastefront AS received permission to press on with plans to construct the ‘UK’s greenest tyre recycling plant’ at the Port of Sunderland. Construction on the development is expected to begin this year (2022), with company executives confident that the plant will be in commercial operation by 2024, creating around 100 skilled jobs.
Nissan is set to invest £1 billion Nissan in building what it calls EV36Zero, “a world-first EV manufacturing ecosystem”, according to the company. Located alongside the company’s Sunderland factory, the project sees Nissan partner with Envision AESC, a battery maker, and Sunderland City Council. Comprised of three interconnected initiatives, Nissan EV36Zero brings together electric vehicles, renewable energy and a 9GW of battery production. With plans for a new UK-made Nissan-branded crossover car model incorporated, the factory investment is also welcome news for the original equipment tyre business, which has been hampered by reduced production and factory closures across the country in recent years.
Norwegian waste tyre recycling company Wastefront has appointed Vianney Valès as its new CEO, replacing founder Inge Berge, who moves to chief operating officer. Valès is a former top oil and gas executive in in companies such as Shell and Galp Energia. He was first introduced to Wastefront by its liquid offtaker Vitol in 2019, was initially engaged with the Norwegian company in his former position as CEO of Devaltec LLC, a project developer and solutions provider in new and sustainable energies. Valès will be responsible for de-risking the company’s first waste tyre plant project in Sunderland, due to begin construction in early 2022. Valès will relocate immediately to London from Houston, Texas. Wastefront added that Valès’ initial priorities will include the selection of an EPC partner, developing commercial agreements, and ensuring all outstanding permits are approved.
Wastefront recently appointed Norwegian international accredited registrar and classification society DNV GL to conduct a Life Cycle Assessment for Wastefront’s proposed tyre to hydrocarbon plant in Sunderland. The Sunderland plant, which was announced last summer and which will be delivered in association with Devaltec LLC, is due to be completed in 2023. Now Wastefront’s Sunderland plant is roughly two years away from operation, the company has shared some of the primary base-case scenario findings from the report with Tyres & Accessories.
Norwegian waste tyre recycling company, Wastefront AS has entered into an exclusive long-term project delivery partnership with Devaltec LLC. The partnership will commence with Wastefront’s first waste tyre recycling plant in Sunderland, due for completion in 2023. Wastefront had previously secured a 10-year offtake agreement with Devaltec’s liquid offtaker, Vitol for the production of liquid hydrocarbons and certain non-liquid products due to be produced at the Sunderland plant and future plant sites. Devaltec will now be the primary strategic partner to Wastefront, co-leading the development of all upcoming projects for the next five years. It is contracted to deliver production from multiple plants of minimum 1000 MTD.
Norwegian waste tyre recycling company Wastefront has chosen Port of Sunderland as the location for its first plant. Construction will begin in 2021. The company says that on completion it will be “the greenest waste tyre recycling plant in the UK.” The plant will convert locally-sourced End-of-Life Tyre (ELT) waste into useful commodities, including liquid hydrocarbons and carbon black, which can then be reutilised in processes such as alternative fuel or ground rubber manufacturing. The construction of the plant is expected to generate around 100 jobs in the region and, once fully up and running in the second half of 2022, the plant will employ up to 30 people full time. It is estimated the investment will be around £25 million.
In widely reported remarks, Nissan COO Ashwani Gupta has reiterated the importance of UK-EU free trade to the future of its Sunderland manufacturing plant. The uncertainties connected with the Nissan Sunderland plant, in turn, serve as a reminder of the still-present Brexit risks.
Euro Car Parts has opened its second purpose-built training centre in Sunderland. The facility will deliver the full range of Euro Academy courses with a market-first IMI-accredited ADAS course also available.
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