Hungary’s Hot & Cold Therm (HCT), which plans and installs technical building systems, has developed machinery that uses high-pressure water jets to recycle tires, according to a report by state news wire MTI.
HCT said the HUF 356 million for the project was supported by a HUF 196 mln European Union grant. Managing director Zoltán Benkő told MTI that the company, based in Tiszalök (184 km northeast of Budapest), has set up a pilot plant that can turn out up to 500 tonnes of granulate from recycled tires a year. The process, which involves the recovery of the entire tire, is completed at room temperature in a closed, circular process, he added.
HCT developed the machinery using an invention it acquired several years earlier.
The company had net revenue of HUF 1.3 bln last year, public records show.
Source: Budapest Business Journal