Wastefront signs exclusive project delivery partnership with Devaltec

Norwegian waste tyre recycling company, Wastefront AS has entered into an exclusive long-term project delivery partnership with Devaltec LLC. The partnership will commence with Wastefront’s first waste tyre recycling plant in Sunderland, due for completion in 2023. Wastefront had previously secured a 10-year offtake agreement with Devaltec’s liquid offtaker, Vitol for the production of liquid hydrocarbons and certain non-liquid products due to be produced at the Sunderland plant and future plant sites. Devaltec will now be the primary strategic partner to Wastefront, co-leading the development of all upcoming projects for the next five years. It is contracted to deliver production from multiple plants of minimum 1000 MTD.