The Untapped Market Of Tyre Recycling
- Antonio Anderson
- April 20, 2022
- Crypto
- 0 Comments
Waste disposal has become a growing concern. A significant part of the problem is materials that cannot be biologically degraded, and the perfect example are vehicle tyres. Vehicle tyres have become a significant global concern, with billions coming to the end of their usable life each year. Re-tyre offers a unique solution to address this growing problem.
The Tyre Recycling Industry: Some Numbers
Let’s look at some numbers. In 2013, the figure for the international trade in rubber waste stood at 1.1 million tonnes in 2103. By 2018, this number had shot up to nearly 2 million tonnes. In the European Union alone, over 300 million tyres were disposed of, and this was just in 2020. With such high numbers, existing landfills will not be able to keep up as space decreases at a rapid rate. The tyre recycling industry is set to increase to $6 billion by 2027, with a CAGR of 3% between 2019 and 2027.
Introducing Re-tyre
Re-tyre has created a novel technology that transforms negative value waste into marketable products. The platform’s solution integrates green technology and blockchain technology, enabling the efficient treatment and recycling of tyres. Re-tyre also aims to become the go-to marketing platform for companies globally that are trading in waste tyres and hopes to become the leader in the rubber waste treatment sector and enable efficient recycling of waste tyres globally.
Re-tyre And Its Use Of Blockchain Technology
Re-tyre’s integration into the Ethereum blockchain will enable the platform to bridge a secure connection between Re-tyre owners and token holders. Integration with the Ethereum blockchain helps Re-tyre to use the blockchain for decentralized trading. Each transaction would be recorded on the blockchain, with smart contracts automatically implementing commercial contracts. Using the Ethereum blockchain will help Re-tyre significantly improve the global waste tyre treatment efficiency, ensuring accountability of logistics, production, and the recycling of raw materials.
The blockchain-based supply chain management will also greatly simplify the tracking, registration, and sharing of data, as data becomes immutable once recorded on the blockchain. The blockchain makes it possible to trace every transaction securely and transparently. No matter how often a particular product is traded or sold, the blockchain records the transaction, creating a detailed history of the item in question.
Re-tyre’s Technology And Solution
Re-tyre uses a unique technology called the “Green Rubber Cracking Technology,” which operates in a closed environment, resulting in zero emissions. Re-tyre’s technology is based on the surface oxidation of the rubber, which through the chemical breaking of the molecular chains of the polymers of the crosslinking results in the partial destruction of the intermolecular and intramolecular bonds. The technology is an innovative process that gives several end products and requires significantly lower energy than current processes.
- Low energy consumption and operational personnel
- Lesser processing steps involved
- Chemically free and environmentally free
- No wearing components
- The Re-tyre process completely separates the steel cords and textiles.
- Low investment required
- Large amount of crumb rubber created, the surface of which is advanced and active
- The recycling method breaks down the tyres to almost their original components in an environmentally friendly way.
Closing Thoughts
Re-tyre is looking to change how the tyre-recycling industry functions with its novel approach. Considering the significant environmental impact of tyres, appropriate treatment of waste tyres needs urgent addressing. With its unique solution, Re-tyre has the ideal solution for the efficient treatment and recycling of tyres while also providing a global marketing platform for companies that trade in waste tyres.
