Tire processor to sell BolderOil made from scrap tires to Tauber Oil Co.
Colorado-based Bolder Industries, Inc. says it has signed a 20-year marketing agreement with Tauber Oil Co. “for exclusive offtake of BolderOil,” a scrap tire-derived petrochemical product.
Under the agreement, independent wholesale petroleum and petrochemical product marketer Tauber will have exclusive access to what Bolder calls “the largest allocation and supply of tire-derived, sustainable oil known in the industry, by way of a proven industry pioneer.”
Houston-based Tauber Oil will be the exclusive purchaser of BolderOil for 20 years, acquiring approximately 2 million barrels annually as supply becomes available and Bolder adds capacity. Tauber will “manage all administrative and sales services including logistics, consulting, billing and fulfillment between Bolder Industries and its global customers,” according to a Bolder news release. “In turn, Tauber will consult with Bolder on the design and engineering of any storage offtake and infrastructure at its current facility and future planned facilities,” adds the company.
BolderOil has applications in renewable fuels, as a replacement oil in ASTM-grade carbon blacks, oil and gas well cleanup and chemical solvents. “As a sustainably derived product, BolderOil increases environmental savings for end customers and, because it is decoupled from oil indices, can also improve pricing stability,” states the 10-year-old Colorado company.
“For years, we’ve closely monitored the race to turn tires into high-quality petrochemicals but, until we met the Bolder Industries team, we had yet to see it accomplished successfully at commercial scale,” comments Jonathan Tauber, president of Tauber Oil.
“After visiting their facility, it was immediately apparent they were doing something special,” adds Tauber. “Now, through arduous due diligence, we are confident and eager to provide sustainably derived petrochemicals at the level of quality, consistency and specifications our customers demand. We expect this partnership will give way to expansion and deliver meaningful environmental impact that our customers and the world needs."
States Bolder Industries CEO Tony Wibbeler, “Strategic investments and alliances such as this signal the next phase for our hyper-growth company. This relationship enables us to grow our petrochemical business exponentially with a well-known and highly respected partner that we are very pleased to be working with day to day.”
Bolder says the partnership allows Tauber Oil to better serve its largest global customers by ensuring their ability to meet all regulatory guidelines while providing access to renewable petrochemicals on a consistent basis.
Tauber contributed to part of the 2021 $80 million investment in Bolder Industries, which assisted in the expansion of its current facility in Maryville, Missouri, and acquisition of a Terre Haute, Indiana, facility as well as a newly announced European expansion in the Port of Antwerp, Belgium.
Additional facilities, both domestically and overseas, are planned in 2023 and beyond to meet rising demand from automotive, plastics, rubber and sustainable petrochemicals manufacturers looking to meet their environmental, social, and corporate governance (ESG) goals, says Bolder.
In Bolder’s recovery process, 98 percent of each tire is repurposed, reducing greenhouse gas emissions, water, and power usage by 85 percent compared to traditional manufacturing processes, says the firm.
“To be able to take something as notoriously synonymous with pollution as an old tire and repurpose it into literally hundreds of different useful products is an incredible achievement by Bolder Industries,” says David Tauber Sr., board chair of Tauber Oil. “We at Tauber Oil are delighted to have a hand in bringing to market products from our industry that not only reduce production emissions and natural resource use but keep millions of tires out of landfills every year.”
Metals, plastic recycling firm to invest $6.6 million at plant in Wyoming, Michigan.
The Michigan Economic Development Corp. (MEDC) has announced that Holland, Michigan-based recycling company PADNOS intends to expand its plastic recycling operations in the city of Wyoming, Michigan.
A news release from the MEDC says a $6.6 million investment by PADNOS has been designed to increase its “capabilities into recycling ocean-bound plastics.” The plans to expand in Wyoming include adding new loading docks, a laboratory and a maintenance garage. The firm also will invest in electrical and infrastructure upgrades, according to the MEDC.
“PADNOS is proud to further our investment in the community while increasing our processing capabilities to meet market demands,” says Jonathan Padnos, president and CEO of the more than 115-year-old family business.
He adds, “We are seeing an increase in demand for recycled material and we are committed to working with our partners to get these materials back into new products and keeping them out of our landfills and oceans.”
“Michigan’s business climate and highly skilled workforce provide an environment where businesses like PADNOS can grow and thrive, creating good jobs for Michiganders,” comments Michigan Gov. Gretchen Whitmer. “We’re pleased that this longstanding Michigan company has chosen to expand in our state. With the help of companies like PADNOS, we can continue growing Michigan’s economy.”
“Congratulations to the entire PADNOS team on your tremendous growth and success in West Michigan,” says Quentin Messer Jr., CEO of the MEDC. “We’re proud to join our local partners as we celebrate PADNOS’ expansion in Michigan and look forward to continuing to work together to grow, add jobs and provide greater opportunity for Michigan residents.”
PADNOS operates more than 20 locations in Michigan and Indiana, including auto shredders in Grand Rapids and in Howell, Michigan. The company’s operations traditionally focused on metal recycling, but it has been involved in the plastics sector for several years.
The battery warranty now covers 10 years or up to 20,000 hours of use.
Noblelift, a material handling equipment company in Des Plaines, Illinois, has updated the advanced battery warranty program for its Lithium Iron Phosphate forklifts. This updated battery warranty covers 10 years or 20,000 hours and provides an extended three-year wet cell lead acid guarantee.
“Our customers want dependability, and we’re excited to prove that we can deliver with this best-in-class battery warranty,” says Loren Swakow, managing director at Noblelift USA. “As a global leader, this industry-leading warranty proves our commitment to driving growth in North America.”
The battery is manufactured by GFL International Co., a lithium-ion battery manufacturer based in Toronto. Noblelift says businesses using its batteries can see overall cost savings of at least $50,000 compared with internal combustion forklifts over five years.
Dealers can contact Noblelift directly to find out more about the extended warranty by calling 847-595-7100 or emailing sales@nobleliftna.com.
The company says it will use Utilibill to enter the global water and energy sectors.
AMCS, a waste and recycling software provider based in Limerick, Ireland, has acquired Utilibill, a cloud billing company based in Melbourne, Australia, for an undisclosed amount. The company will use Utilibill to expand its operations into the global water and energy sectors.
According to a news release from AMCS, Utilibill is a software company providing a cloud-based utility billing platform. The company was founded 16 years ago by Igor Green and Morgan Duncan. Utilibill started serving telecommunications clients before expanding into the energy market eight years ago. Utilibill has close to 100 employees, including support centers in the Philippines and offices in the US serving more than 200 telecommunications, water and energy utilities globally.
“Utilibill has the potential to replicate this in global water and energy usage,” says Jimmy Martin, CEO of AMCS. “Smart billing infrastructure solutions can be leveraged to incentivize and optimize the sustainable use and production of resources such as water and energy for both households and businesses.”
In Australia, Utilibill counts Computershare, Zen Energy, TeleChoice, Vonex, More Telecom and Electricityinabox as its billing platform customers.
“AMCS already has a strong presence in Australia and New Zealand with a base of over a hundred environmental services companies including Veolia, Suez, Remondis and Waste Management New Zealand,” says Igor Green, co-founder and CEO at Utilibill. “Utilibill customers will benefit from the global AMCS organization and strong local presence in Australia and North America.”
The conference has been moved to June because of pandemic-related health and safety concerns.
PetCore Europe has announced its annual conference will be postponed to June 14-15. The organization has cited the coronavirus pandemic as the primary reason the conference, originally scheduled for Feb. 2-3, was moved.
“PetCore Europe Management sincerely apologizes for the inconvenience this may cause to all stakeholders, speakers, sponsors, media partners and attendees,” the company said in a statement. “The uncertainty surrounding COVID, considering the health and safety of attendees the delay has been chosen as the best alternative.”
According to the news release from PetCore, the venue and facilities remain as planned at the Doubletree Hilton in Brussels. The organization also is working with the speakers and sponsors to ensure the in-person meeting moves forward.
For more information on the event and its new date, click here.