Life for Tyres Group Limited, a European tire recycling company, announced plans last week to invest $46 million in its first U.S. processing facility at the Port of South Louisiana’s Globalplex site in Reserve, reports Biz New Orleans.
The recycling and manufacturing plant, L4T Louisiana LLC, will convert “end-of-life tires into high-quality sustainable commodities such as advanced biofuel feedstock, recovered carbon black and scrap steel.”
L4T said it expects to create 46 direct new jobs in St. John the Baptist Parish. Louisiana Economic Development, the state’s business development agency, estimates the project will create three times as many indirect jobs.
Life for Tyres Group said its patented technology enables it to manufacture high-quality secondary raw materials such as recovered carbon black, green oil and steel, which can be used in industrial processes. The company says its approach reduces up to 90% of greenhouse gas emissions when compared with conventional tire recycling processes. Read more.