InnoVent Renewables Launches Tire Recycling Technology

InnoVent Renewables launched as a U.S.-based technology and operations company with a proprietary continuous pyrolysis technology that converts waste tires, plastics and biomass into valuable fuels and chemicals.

The company said its pyrolysis technology is unique in that it’s continuous, which is a much higher efficiency compared to batch processing. It utilizes the gas to preheat the tires, thereby making it a net zero energy process. During the process, valuable chemicals are recovered from the products, producing high quality fuels.

InnoVent said it has assembled a team of world class executives each with more than 25 years of energy and chemical industry experience to drive early-stage growth. With current operations in Houston (USA), Pune (India), and Monterrey (Mexico), the company has more growth plans across North America and Latin America, with future expansion opportunities in Europe, the Middle East, and Asia-Pacific.

InnoVent Renewables has also commenced planning for additional growth across North and Latin America through public-private partnerships with plans to open a commercial production plant in Monterrey, Mexico in 2024.

The Goodyear Tire & Rubber Company has named Ryan Waldron as president of the company's Americas business unit, reporting to Chief Executive Officer and President Mark Stewart. He succeeds Steven R. McClellan, who retired on April 1.

"At Goodyear, our customers are at the center of everything we do, and in Ryan Waldron, we have a customer-centric, execution-focused business leader with a deep understanding of both the marketplace and all aspects of our business, as well as a proven track record of delivering results," Stewart said. "I am thrilled to announce him as president of Goodyear's Americas business and have enormous confidence that under his leadership, both the company and our customers will reach even greater levels of success."