Bolder Industries Inc., a circular solutions provider for rubber, plastics and petrochemical supply chains, and Liberty Tire, one of the largest tire collectors and recyclers in the U.S., have completed a formal agreement outlining their North American partnership. Liberty Tire is owned by ECP, a leading energy transition investor.
This agreement secures feedstock for Bolder Industries’ Terre Haute facility, currently in development, which is anticipated to process more than 3 million end-of-life (EOL) tires per annum once fully commissioned in 2023. Given the projected increase in demand for BolderBlack and BolderOil, the volume of tires processed at Terre Haute could increase up to 6 million over the next 2 to 4 years. For Liberty Tire, CEO Thomas Womble says, “We view this relationship as part of our commitment to provide a core infrastructure for end-of-life tires for our customers.”
Ultimately, the environmental savings captured from this partnership will be realized by the customers of both organizations – allowing them to achieve their sustainability mandates and goals, the two companies say.
In addition, Liberty Tire and Bolder Industries have come to a preliminary agreement on expanding their partnership to new states, including Illinois, South Carolina, Maryland and Tennessee. Ongoing sales and partnership discussions with U.S. tire, rubber and plastics manufacturers will inform the expansion of the Bolder and Liberty partnership—driven by growing market demand and customer acceptance of sustainable raw materials.
