Klean Industries Inc, a Vancouver-based waste-to-value technology provider, has partnered with City Circle Group (CCG) to build a fully integrated, continuous tire pyrolysis plant to recover carbon black and biofuel in Melbourne Australia, according to a news release.
Klean and CCG have been working together in the planning of a project in Melbourne for the past twelve months and have been engaged in the final analysis of a Detailed Feasibility Study (DFS) to design and build a fully integrated tire pyrolysis plant. The result thus far has illustrated a significant opportunity and the parties are now in the final phases of contract negotiations with feedstock providers and offtake parties for all the project output products which are being pre-sold.
The parties plan to complete the DFS by the end of December 2022 and anticipate the project being financed before the end of the first quarter of 2023, with construction taking place in 2023 and operations starting in 2024.
Like Klean Industries, CCG is a well-established family-run business. CCG was founded in 1981 and has built a reputation as a leading provider in demolition, decommissioning, remediation, excavation, and recycling in Australia. In doing so, CCG converts all the waste into new building materials and commodities for reuse.
Both CCG and Klean see the prospects of this project playing a significant role in creating a circular economy within the region as it addresses several key issues designated under the United Nations Sustainable Development Goals and will create economic opportunities and environmental benefits for the local economy in Melbourne.
Klean recently agreed to partnerships with several German companies to distribute and build green hydrogen projects around the world.
