Bolder Industries to process three million tires from Liberty Tire's feedstock by end of 2023
Bolder Industries, Inc. and Liberty Tire have completed a formal agreement outlining their North American partnership.
This agreement secures feedstock for the Bolder Industries Terre Haute facility, currently in development, which will process over three million end-of-life (EOL) tires per annum once fully commissioned in 2023. Given the projected increase in demand for BolderBlack and BolderOil, the volume of tires processed at Terre Haute could increase up to six million over the next two to four years.
For Liberty Tire, CEO Thomas Womble says, "we view this relationship as part of our commitment to provide a core infrastructure for end-of-life tires for our customers." Ultimately, the environmental savings captured from this partnership will be realized by the customers of both organizations – allowing them to achieve their sustainability mandates and goals.
"Cross-industry collaboration is critical to making the massive leaps needed to achieve our vision of transforming manufacturing sustainability worldwide," says Tony Wibbeler, founder and CEO of Bolder Industries. "We're thrilled to formally partner with our friends at Liberty Tire who share in our vision and are right there with us, doing the hard work it takes to shift a massive supply chain toward long-term sustainability that will have positive ripple effects for decades to come."
Furthermore, Liberty Tire and Bolder Industries have come to a preliminary agreement on expanding their partnership to new states, which include Illinois, South Carolina, Maryland, and Tennessee. Ongoing sales and partnership discussions with U.S. tire, rubber, and plastics manufacturers will inform the expansion of the Bolder and Liberty partnership – driven by growing market demand and customer acceptance of sustainable raw materials.
"The partnership with Bolder is valuable and meaningful – allowing us to meet our ESG goals and strengthen our role as a major contributor to the circular economy," said Liberty Vice President of Sustainability Amy Brackin, "In terms of sustainability and environment stewardship, the benefits of this collaboration will extend to Liberty customers and the communities we serve across North America."
