Entyr Limited (ASX: ETR) has achieved a major breakthrough in waste management with its patented thermal desorption reactor process. This revolutionary technology is designed to safely and effectively dispose of end-of-life tyres and help resolve one of the most pressing environmental issues around the world.
Leading the way in providing solutions for tyre waste management, the company’s unique technology converts tyres into secondary products that present valuable possibilities for generating energy. This process comes with the first-ever environmental approval for the thermal treatment of rubber in Australia, with its commercial production facility based in Stapylton, Queensland.
With a focus on environmentally sustainable technology, this patent is not only bringing a solution to the millions of tyres disposed of every year but also tyre-derived fuel oil and recovered carbon black – both of which play an important role in reducing carbon footprints for individuals globally.
The patent has a lifespan of 15 years and will expire at the end of 2037. The approval secures the Company’s unique intellectual property around its thermal desorption process, furthering its plans to expand its technology not just within Australia but internationally as well.
The granted patent covers continuous processing instead of traditional batch systems, which leads to increased volume throughput with lower capital spend and a smaller footprint. As well as a controlled heating process that enables a controlled endothermic reaction, resulting in production yields at lower energy costs.
On top of their previous patents granted in Australia and the USA, Entyr’s European application is still pending evaluation; but it’s expected that having patents approved in two major countries will be beneficial for its assessment in Europe.
ETR shares jumped 6% on opening today following the announcement but have been tackling a downward force that has seen its share price decline 80% since the beginning of 2021 from a price of $0.96 to $0.17 at the time of writing.
Trading Desk Assistant at Emerald Financial
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