The Tirex Corporation

Tirex has developed and owns the technology that is a U.S. and Canadian patented, semi-cryogenic tire recycling process, known as the TCS System. It is environmentally friendly, economically viable (even without tipping fees), and reduces scrap tires into -5 to –30 mesh (or finer) clean crumb rubber with a uniquely smooth morphology and saleable, intact steel wire and fiber. Tirex’s proprietary process, that doesn’t use liquid nitrogen, freezes the rubber and then passes it through it’s patented “fracturing mill” which “breaks” the rubber apart, instead of cutting it, exposing the whole strands of steel and fiber, and leaving a value added crumb rubber, we call RutexTM, that is best suited for extrusion molding recycled rubber products and higher end performance surfaces.

Company details

1771 Post Road East , Westport , CT 06880 USA

Locations Served

Business Type:
Manufacturer
Industry Type:
Waste and Recycling - Material Recycling
Market Focus:
Internationally (various countries)

The TIREX Corporation is incorporated in Delaware, United States, with its office in Westport, Connecticut.

Tirex based itself in Montreal in 1995 and developed the patented tire recycling prototype (TCS) with the support of The Federal Government of Canada receiving over 4 million dollars CDN in research and development tax credits. The Canadian Economic Development Agency also granted Tirex over $700,000 CDN to develop the TCS technology and its markets.

Tirex’s full scale TCS prototype was accredited in 2001 by Recycle Quebec in Montreal. Tirex management welcomes all governments, companies and investors interested in our business of bringing to market what we believe is the most economically viable and environmentally friendly tire recycling process in the industry.

  • To provide highly efficient, environmentally sound and cost effective solutions for the recycling of tires through their conversion into separate component parts, high end crumb rubber, marketable steel and fiber, and to convert the raw materials into useful products for industrial and consumer markets.
  • To provide attractive opportunities for our customers and business partners engaged in the business of recycling products through the application of a unique, advanced recycling process.
  • To become a world leader in the development and marketing of recycling and environmental technologies.
  • To provide a vehicle for a significantly superior return on investment to the shareholders of the Company over the short and long term.

The TIREX strategy, reflecting its corporate development mission and strategies is multi-faceted. First, Tirex proposes to offer to recyclers an economically attractive and environmentally friendly tire recycling technology. The return on investment offered by the TCS technology is very attractive, even in the absence of tire tipping subsidies paid by governments, with the effect that purchasers can be assured that their business will remain viable regardless of the evolution of government tire recycling tipping fees. Furthermore their operations are not exposed to any immediate danger from evolving environmental legislation in that the TCS System already exceeds all environmental standards actually in effect known to management. The second prong of the Tirex technology involves the development of products and processes emanating from the compounding of tire crumb with thermoplastic elastomers to create new composite materials. Tirex will either sell licenses for the use of such compounds or will engage itself in the production of products using such formulations and production technologies. The third prong is the establishment of crumb rubber producing facilities, either alone or in joint venture with local entrepreneurs in any propitious region to operate TCS Systems and produce crumb rubber for sale to high end users of such output such as tire manufacturers. Tirex is convinced that it can offer very high quality rubber crumb to such high end users at prices, which will be very competitive with any other crumb available on a continuous basis and in volumes adequate to meet demand.

Tirex' objectives are:

  • To market and distribute TCS Systems worldwide, through a network of national and international distributors and sales representatives.
  • To produce and sell crumb rubber to various customers,
  • To trade in crumb rubber produced by companies operating TCS Systems,
  • To generate royalties from the sale of rights to use rubber crumb / thermoplastic elastomeric compounding formulas developed by Tirex either alone or in partnership with independent compounding specialists,
  • To mould, extrude or otherwise fabricate and sell downstream products using rubber crumb as an input material.

 

Tirex management offers the following information to our potential TCS customers to assist them in the development of their tire recycling business:

  • Feasibility Questions
  • ABC (new tire recycler) Executive Summary
  • ABC Business Plan
  • Instructions for working with the ABC Financial Model
  • ABC Financial Model
  • Market information, direction and contacts
  • Technical assistance

Having positioned itself as a supplier of systems and equipment to the industry as its initial entry point into the sector chain, Tirex will continue its research and development efforts with respect to possible improvements to both the individual components of the systems and to the functioning of the system as a whole.  The Company has identified several potentially interesting opportunities involving new technologies applicable to the Company’s process which are moving to the forefront and present potentially very attractive gains both in terms of the overall capital cost of the system and in its operating cost.

 Management believes that Research & Development in new products and production processes, as well as continuous improvement to our core technology and its critical components must remain a key focus to remain at the cutting edge of environmental technologies and thus remain ahead of both present and future competition. To this end, the Management has identified and is in varying stages of planning or implementation of numerous development projects to be undertaken over the next couple of years.

The TIREX Corporation is incorporated in Delaware, United States, with its office in Montreal, Quebec, Canada.

Tirex based itself in Montreal in 1995 and developed the patented tire recycling prototype (TCS) with the support of The Federal Government of Canada receiving over 4 million dollars CDN in research and development tax credits. The Canadian Economic Development Agency also granted Tirex over $700,000 CDN to develop the TCS technology and its markets.

Tirex's TCS technology was accredited in 2001 by Recycle Quebec*. The TCS prototype demonstrated Tirex's unique process that is economically viable, environmentally friendly and produces a higher value added crumb rubber.

*Criteria Employed by Recyc-Québec for Purposes of Accreditation

In order for any tire recycler operating in Quebec to participate in the Quebec Used Tire Management Program, and thus be eligible to receive tire shipments and tipping fees, each and every tire recycler seeking such participation must first be accredited by Recyc-Québec.

Accreditation is issued following evaluation by Recyc-Québec experts of the tire recycling technology and following receipt of other documentation by Recyc-Québec officials.

The technical evaluation comprises the following factors

  • The tire recycling process is technically sound and produces crumb rubber at a rate (tire processing rate, yield of rubber per tire, etc.) and quality (exempt from steel and fibre contaminants) such that not only is the rubber crumb marketable, it will in fact be sold, as attested by purchase agreements with recognized customers. Note that the crumb rubber produced could also be used in the production of downstream finished products in a vertically integrated company. It is important to note that the subsidies paid out by Recyc-Québec to recyclers are paid on the basis of crumb rubber actually sold, not on the basis of crumb rubber produced.
  • The tire recycling process must be environmentally sound (minimal production of residue and minimal production of release of polluants), as attested, following evaluation, by competent environemntal authorities such as the city of Montreal, the Quebec Government Ministry of the Environment, and formerly (and it did apply in the case of Tirex) the Montreal Urban Community (no longer in existence).

The accreditation process requires that the recycler provide to Recyc-Québec the following documents, as well as any other document, report, analysis, etc. that Recyc-Québec might reasonably request to complete their evaluation of the request for accreditation.

  • detailed description of the recycling system process
  • detailed equipment list including equipment diagrams
  • mass balance analysis (amount of rubber, steel, fibre and waste per tire produced
  • processing capacity and storage capacity
  • other technical information, including, without limitation, energy costs, specifications of the Air Plant, maintenance program, etc.
  • copies of relevant permits (environment, operating, etc.)
  • crumb rubber output sales agreement(s)
  • proof of ownership or right to use of intellectual property
  • latest financial information.