A POTENTIALLY revolutionary tyrerecycling plant in Sunderland became more concrete yesterday with the appointment of Technip Energies as engineering, procurement and construction partner for the project.

Owned by Norwegian waste recycling company Wastefront AS, the project will also see Dutch energy giant Vitol acquire a five per cent stake. The £100m plant, which will convert the biohazard used to produce tyres into resalable commodities, will recycle around 80,000 tonnes of tyres per year.

"Our mission is to solve complex environmental issues, through a solution that has demonstrated its full alignment with EU and UK taxonomy targets," said Wastefront's boss

Vianney Vales. "To succeed, a rigorous project execution is key."

The ambitious project is expected to have a level of compliance to sustainable targets of between 84 and 100 per cent.

"The project is fully aligned with our strategy to deploy resources to accelerate energy transition," added Technip Energies' chief executive Arnaud Pieton.

(c) 2022 City A.M., source Newspaper