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Clean recycling: € 325,000 investment for Clean-Tech Startup Carbon Recovery

Clean recycling: € 325,000 investment for Clean-Tech Startup Carbon Recovery

Datum: 2018-07-20 21:11:13

Success Story

The team has further developed a process for recycling used tyres. For the first time, the recycling process can be carried out cleanly and extremely energy-efficiently to the highest quality standards. 

Carbon Recovery purchases rubber chips from scrap tires and other rubber waste and processes them into gas, diesel-like base oil for industrial furnaces and refinery plants and high-quality Recovered Carbon Black, a high-tech material used in the manufacture of rubber products, paints, plastic parts and new tires. The new plant acquired with the investment will come on stream in 2019 and be fully operational. The annual production corresponds to about 15 percent of the annual volume in Austria. It will process 8,000 tonnes of used tyres per year. The purity of the carbon black obtained is traded in the high-price segment of 600 to 800 euros per ton. The worldwide demand currently amounts to about thirteen million tons per year. Experts expect a continuous increase in demand because the production of industrially produced carbon black is declining due to increasingly strict environmental regulations. First and foremost, the new shareholders Dipl.-Ing. Dr. Markus Ungerank and Dipl.-Ing. Dr. Otto Hrabak are worthy of special mention. Mr. Ungerank will actively support the company with his experience as laboratory manager at Evonik, especially in process engineering, quality management and product development. Carbon Recovery will also benefit from the expertise of the investor Mr. Hrabak (long-standing executive manager at the Dutch DSM and member of the Executive Committee of the pharmaceutical group Patheon), especially in the areas of brand development and implementation of the expansion strategy. In addition to the current direct investment via primeCROWD, the company has recently received € 100,000 from around 100 crowd investors on CONDA. This enabled Carbon Recovery to sign the lease for the site in Lower Austria and lay the foundation for further expansion. More about the startup: http://www.carbonrecovery.at/