KITCHENER, Ontario (Sept. 24, 2015) — Tyromer Inc., a company promoting itself as having a better way to recycle scrap tire rubber and manage scrap tire waste, has opened a plant in Kitchener.
The official dedication and open house for the Tyromer Waterloo plant was held Sept. 18 at the plant site in Kitchener, according to a company press release.
Tyromer Waterloo will be the first manufacturer of Tyromer-TDP, a devulcanized rubber product manufactured using the technology invented by Costas Tzoganakis of the Department of Chemical Engineering at the University of Waterloo, Tyromer said.
“With Tyromer-TDP, there is now a socially responsible and environmentally sustainable solution to the global management of scrap tires,” said Tyromer CEO Sam Visaisouk.
Tyromer began pilot operations in 2010 with $750,000 in funding from venture capital firm First Leaside Visions II L.P. The company set up a devulcanization machine based on Mr. Tzoganakis' technology in the Kitchener facility of AirBoss Rubber Compounding, a subsidiary of AirBoss of America Inc.
Tyromer itself started operations in 2009 with the help of a strategic start-up loan from Michelin Development Corp.
Tyromer also received financial support from the University of Waterloo, Michelin Development Co., Ontario Tire Stewardship and the Ontario Centres of Excellence.