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Liberty Tire Recycling has acquired two main Florida-based scrap tire processing firms, McGee Tire and Empire Tire, additional rising its presence within the Florida tire recycling market.
The acquisition permits Liberty so as to add further scrap tire collections and develop its processing capability, and the corporate mentioned it’ll assist in its purpose of extra effectively transferring end-of-life tires into higher-value markets. Liberty at present collects all kinds of tires from over 36,700 retail areas in North America and has collected over 1.56 billion tires within the final decade.
Liberty recycles and repurposes tires for all kinds of functions, equivalent to surfacing for playgrounds, rubberized asphalt, and tire-derived gas.
“Including Empire and McGee to the Liberty workforce has created a very world-class operation right here in Florida.” mentioned David Cannon, regional vice chairman of Liberty. “We’re going to have the ability to hold a whole lot of hundreds of tires out of Florida landfills annually by discovering extra alternatives for reuse and recycling, all whereas optimizing our route collections and customer support.”
About 300 million scrap tires are generated in america annually, and the worldwide tire recycling market is predicted to generate $18.1 billion by 2032 in line with an Allied Market Analysis report.
Tire Recycling Enlargement Could Assist Handle Growing Tire Waste
Liberty Tire mentioned that the quantity of scrap tires has exceeded the expansion of scrap tire recycling markets previously few years. Regardless of the various environmental advantages of electrical autos, their heavy batteries contribute to faster tire put on, exacerbating the difficulty as extra EVs are offered.
Some firms are contemplating further choices to deal with the rising quantity of tire scrap, equivalent to implementing recycled carbon black or oils and making tires from completely new, bio-based supplies like paper and wooden residue or silicate from rice husks. The tire recycling market will reportedly must proceed to broaden within the close to future to utilize end-of-life tires and divert waste from landfills all through the nation. Liberty considers its acquisition of Empire and McGee a step in the direction of this purpose.
“These are nice firms who’ve served their shoppers and staff nicely,” mentioned Thomas Womble, CEO of Liberty Tire Recycling. “We’re thrilled to proceed their legacy of excellence. It is a actual alternative for Liberty and Central Florida to leverage our scale and monetary place to broaden operations, create new jobs, enhance collections and recycling efforts, and supply sustainable options for end-of-life tires.”
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