WASTE MANAGEMENT IN ACTION – TYRE RECYCLING
Tyrecycle’s new Erskine Park facility will process rubber waste into high-quality tyre-derived fuel.
Building a sustainable TDF market WITH A STRONG GLOBAL MARKET FORECAST FOR TYRE-DERIVED FUEL, AUSTRALIA’S LARGEST TYRE RECYCLER, TYRECYCLE, IS EXPANDING ITS OPERATIONS ACROSS AUSTRALIA, WITH A STRONG COMMITMENT TO INVESTMENT IN NEW PLANTS AND TECHNOLOGY.
T
he recently released Global Tyre Derived Fuel (TDF) Market Report 2021: Industry Analysis 2017-2020 & Growth Trends and Market Forecast 2021-2025, highlights that the shift to TDF is increasing at speed, with cement and paper and pulp industries taking the lead. The research report estimates the global TDF market will reach a valuation of US$430.3 million by the end of 2025.
30 / WMR / July 2021
Jim Fairweather, Tyrecycle CEO, says while the global market forecast is encouraging, Australia’s tyre recycling industry needs to embrace innovation and raise awareness if it is to expand into a globally sustainable business. “The global research report solidifies the need to build confidence in the sector with a genuine commitment to embracing new opportunities,” he says. As end-use industries regain momentum in the post-COVID-19
economy, analysts anticipate that will further stoke the usage of TDF, often used as a supplemental fuel at cement and paper and pulp facilities, providing improved boiler efficiency, a reduction in carbon emissions and lower fuel costs. “It’s the kind of projections the sector needs to back itself. At Tyrecycle, we are gearing up for significant expansion in our production capacity and capability for TDF,” Fairweather says.
