Oct. 16
Recycled tires will fuel an energy company in Colorado, thanks to a new agreement announced by Novo Energies Corp. and Colorado Tire Recycling.
Novo, an alternative energy company, has a new 10-year supply contract to recycle supply tire derived fuel chips for feedstock with Colorado Tire Recycling LLC of Hudson, Colo.
Novo´s process converts the tire chips into fuel and fuel additives including but not limited to diesel and gasoline. The company plans to construct its first tire-to-fuel plant in the Denver-area by the second quarter of 2010.
Colorado Tire Recycling will provide a minimum of 6,000 tons of TDF for the first year of the contract and a minimum of 12,000 tons annually in the second year. Novo plans to generate approximately 1 million gallons of diesel and gasoline fuel and fuel additives during the first year of the operation of its plant and 2 million gallons in the second year.
The company said the plant could produce 3,000 metric tons of carbon black and 900 metric tons of steel during the first year of operation and estimates that it will generate a minimum of 25,000 carbon credits per year.
Contact Waste & Recycling News reporter Amanda Smith-Teutsch at 330-865-6166 or asmith-teutsch@crain.com
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