Lummus Technology Invests in InnoVent Renewables to Scale Global Tire Pyrolysis
Pyrolysis Technology Scaling Investment
In early 2026, Lummus Technology announced a strategic investment in InnoVent Renewables, aiming to accelerate the deployment of its proprietary tyre recycling technology.
“Investing in InnoVent reinforces our commitment to advancing sustainable, circular technologies that solve real environmental challenges,” said Leon de Bruyn, President and CEO of Lummus Technology. “Our collaboration has already demonstrated strong technical and commercial synergy, and this investment will accelerate global adoption of a proven recycling solution.”
InnoVent’s tyre recycling technology offers a scalable, end-to-end solution for converting end-of-life tyres into pyrolysis oil, rCB, pyrolysis gas and steel, from pre-processing through purification.
“InnoVent is thrilled to expand our strategic partnership with Lummus,” said Vibhu Sharma, CEO of InnoVent Renewables. “Lummus’ global reach and technology leadership will help us scale rapidly and bring our solution to markets that urgently need sustainable, high-value alternatives to traditional tyre disposal.”
In 2025, Lummus and InnoVent established their partnership with Lummus serving as the exclusive global licensor of InnoVent’s tyre pyrolysis technology. InnoVent currently operates a commercial facility in Monterrey, Mexico, with a capacity of processing up to 1 million passenger tyres annually. Lummus’ investment will help increase production capacity at the facility and enhance the technology’s commercial viability.
Learn More:
- Tire Pyrolysis Technology & ELT Conversion Systems
→ https://kleanindustries.com/products/tire-pyrolysis/ - Recovered Carbon Black (rCB Applications)
→ https://kleanindustries.com/products/recovered-carbon-black/ - Pyrolysis Oil (TPO) & Refinery Integration
→ https://kleanindustries.com/insights/ - Waste-to-Energy & Circular Economy Projects
→ https://kleanindustries.com/projects/ - Plastic & Waste Conversion Technologies
→ https://kleanindustries.com/solutions/
Scale Circular Technologies Globally with Klean Industries
The investment by Lummus Technology into InnoVent Renewables signals a major industry shift: the race is now on to scale proven pyrolysis technologies globally.
Key developments include:
- A strategic equity investment to accelerate deployment of InnoVent’s tire recycling technology
- Lummus acting as the exclusive global licensor of the technology since 2025
- Expansion of a commercial facility in Monterrey, Mexico capable of processing ~1 million tires annually
- Conversion of ELTs into pyrolysis oil, recovered carbon black, gas, and steel
This confirms a critical industry evolution: pyrolysis is no longer experimental—it is entering global commercialization through licensing and capital deployment.
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