Date: August 31, 2007
Source: News Room
A Bellevue, Washington startup called Reklaim Technologies has raised $7 million in venture financing from Goldman Sachs to help recycle some of the 300 million waste tires generated annually in the U.S. The company, which was founded in 2003, has not yet recycled any tires but has recently received a land-use permit for a 5-acre parcel at the Port of Morrow on the Columbia River in north-central Oregon, where it hopes to open a $50 million tire-recycling facility next year. Reklaim plans to use a patent-pending technique similar to pyrolysis called 'sublimation' in which tires are shredded, heated to 850 degrees Fahrenheit in an oxygen-free environment and then broken down into oil, carbon black and steel.
For more information on Reklaim, visit: www.reklaim.com.
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