India, Aug. 19 -- Ecolomondo Corporation, a Canadian leader in scrap tyre recycling technology, has finalised a joint venture and engineering agreement with Spanish renewable energy firm Alternativas Riojanas Eolicas y Solares S.L. (ARESOL) to construct four Thermal Decomposition Process (TDP) facilities across the European Union. The partnership follows a non-binding letter of intent signed in December 2024 and subsequent technical evaluations, culminating in a definitive agreement in July 2025.
The first facility will be established in Valencia, Spain, processing 20,000 metric tonnes of end-of-life tyres annually. Three additional locations will be selected based on feedstock availability, tipping fees, offtake agreements and government...