Insider Brief:
- Bolder Industries Belgium received €32 million in grants from the European Commission’s EU Innovation Fund to build an Antwerp circular facility.
- The company will convert end-of-life tires into its BolderBlack and BolderOil products, lowering carbon emissions by 80% from traditional methods of producing these products.
- Bolder Industries Belgium will begin building the facility in 2026, aiming for full operational capacity in Q2-2027.
Bolder Industries Belgium, the Belgian subsidiary of the U.S.-based firm, has received €32 million in grants from the European Commission’s EU Innovation fund to build an Antwerp facility to recycle and reuse tires.
The end-of-life tires will be processed to produce sustainable raw materials, BolderBlack and BolderOil. BolderBlack is a carbon black alternative which acts as a rubber reinforcing agent which is normally derived from petrochemicals, while BolderOil is blendstock for crude oil refining.
The 55,152-square meter facility will process 6 million tires each year to produce nearly 18,000 metric tons of BolderBlack.
The facility will also produce nearly 21,000 metric tons of BolderOil, reducing more than 80% reductions in greenhouse gas emissions compared to traditional methods of producing these materials.
The company will begin construction of the facility in 2026, and anticipates full operational capacity for Q2-2027. The factory will be powered by renewable energy, including wind and recovered heat. Bolder is targeting doubling the facility’s capacity in future expansion.
“We are excited to support Bolder’s growth by investing our capital to construct new circular economy projects like Antwerp in both the US and Europe in collaboration with key customers and funding sources like the EU Innovation Fund,” Tiger Infrastructure Partners CEO and CIO Emil W. Henry said. Tiger Infrastructure is a PE fund which invested in Bolder in February.
