Phoenix Industries originated in 1988 as Phoenix Environmental Ltd., a New Jersey based research and development firm established to develop remediation technology for various waste streams. In the late nineties the company entered into an agreement with a Fortune 500 Company to design and build a unique micronizing facility based on proprietary reaction technology developed by Phoenix Environmental. In 2005 Phoenix Environmental, through an associated Russian entity, was contracted by one of Russia`s largest oil companies to install a waste tire recycling facility and asphalt rubber blending equipment in the Siberian region. With suppling equipment and products to over fifty count