Klean Industries & KBR To Jointly Develop Integrated Solutions To Recover Sustainable Commodities From End-Of-Life Tires

Klean Industries Inc. signs a Heads of Terms Agreement with Kellogg Brown & Root LLC (“KBR”) to jointly deliver end-of-life tire pyrolysis projects globally.

Klean Industries Inc. (“Klean”) is pleased to announce today that it has signed a Heads of Terms Agreement with Kellogg Brown & Root LLC (“KBR”) to license and jointly deliver projects that offer fully integrated solutions for recovering valuable tire pyrolysis oil (TPO) and recovered carbon black (rCB) from end-of-life tires (“ELT”) on a global basis.

Under the terms of the Agreement, Klean and KBR will collaborate, on an exclusive basis, to design, license, and deliver projects utilizing Klean’s technology to produce sustainable commodities. This will enable the tire and rubber industries to create a low-carbon, closed-loop, circular supply chain while achieving the goal of zero waste to landfill.

The Parties' initial efforts will be to develop their first project together in the State of Victoria, Australia. The Parties intend to leverage their respective skills and relationships with industry-leading participants to deliver a modular end-of-life tire recycling project.

Klean has been pioneering the tire pyrolysis industry for over two decades and is well-positioned with the longest-running reference plants in commercial operation. Creating a closed-loop life cycle for end-of-life tires can only be achieved by designing new circular systems that enable the remanufacturing and redistribution of sustainable commodities, such as recovered carbon black (“rCB”) and advanced recyclable feedstock, for reuse in their original supply chains. This creates new decarbonized products with significantly lower carbon intensity throughout the manufacturing and production supply chain associated with the tire industry. To further enhance both the environmental and financial transparency of Klean’s technologies, Klean has developed the Klean Loop, a SaaS blockchain technology, as a fully integrated system to track and trace all aspects of the tire life cycle, from raw materials to production, resource recovery, and reuse. The patent-pending Klean Loop platform will provide complete supply chain transparency, enabling all supply chain partners to measurably improve their environmental and financial performance.

“We are proud to be working with KBR. Combining our proprietary know-how and technology with KBR's technology deployment, engineering, and modularization expertise will accelerate our ability to deliver advanced manufacturing facilities, increasing our global installed capacity while bringing added value to our stakeholders, customers, and investors alike. Together with KBR, we will enable the production of larger volumes of sustainable commodities from end-of-life tires. This partnership with KBR represents a significant opportunity to support a fully circular tire industry. Our collaboration helps position Klean’s technology portfolio for the exponential growth in demand expected from the global energy transition,” commented Jesse Klinkhamer, CEO of Klean Industries Inc.