Bolder Industries Signs Recycled Content Oil Purchase Agreement

Bolder Industries, Inc., based in Colorado, announced that it has signed a 20-year marketing agreement with Tauber Oil Co. “for the exclusive purchase of BolderOil”, a petrochemical derived from scrap tires.

Under the agreement, Tauber, an independent wholesale oil and petrochemical distributor, will have exclusive access to what Bolder calls “the largest allocation and supply of sustainable tire-derived oil known in the industry, through through a proven industry pioneer”.

Houston-based Tauber Oil will be BolderOil’s exclusive buyer for 20 years, acquiring about 2 million barrels a year as supply becomes available and Bolder adds capacity. Tauber will “manage all administrative and commercial services, including logistics, consulting, billing and fulfillment between Bolder Industries and its global customers,” according to a Bolder press release. “In turn, Tauber will consult with Bolder on the design and engineering of any offtake and storage infrastructure at its current and future facilities,” the company adds.

BolderOil has applications in renewable fuels, as a replacement oil in ASTM grade carbon blacks, oil and gas well cleaning, and chemical solvents. “As a sustainably derived product, BolderOil increases environmental savings for end customers and, because it is decoupled from oil indices, can also improve price stability,” says the 10-year-old Colorado company. .

“For years we have closely followed the race to turn tires into high quality petrochemicals but, until we met the team at Bolder Industries, we had yet to see this successfully realized. on a commercial scale,” said Jonathan Tauber, president of Tauber Oil. .

“After visiting their establishment, it was immediately apparent that they were doing something special,” adds Tauber. “Now, through arduous due diligence, we are confident and eager to deliver sustainably derived petrochemical products at the level of quality, consistency and specification that our customers demand. We expect this partnership to give way to the expansion and meaningful environmental impact that our customers and the world need.”

Tony Wibbeler, CEO of Bolder Industries, said, “Investments and strategic alliances like this signal the next phase of our hyper-growth business. This relationship allows us to grow our petrochemical business exponentially with a well-known and highly respected partner with whom we are very happy to work with on a daily basis.

Bolder says the partnership enables Tauber Oil to better serve its largest global customers by ensuring their ability to meet all regulatory guidelines while providing consistent access to renewable petrochemicals.

Tauber contributed part of the $80 million investment in 2021 in Bolder Industries, which helped expand its current facility in Maryville, Missouri, and acquire a facility in Terre Haute, Indiana, as well as a recently announced European expansion into the port of Antwerp, Belgium.

Additional facilities, both domestic and overseas, are planned in 2023 and beyond to meet growing demand from manufacturers of sustainable automobiles, plastics, rubber and petrochemicals looking to meet their goals. environmental, social and corporate governance (ESG) issues, says Bolder.

In Bolder’s recovery process, 98% of each tire is reused, reducing greenhouse gas emissions, water and electricity consumption by 85% compared to traditional manufacturing processes, says the company. ‘business.

“Being able to take something as notoriously synonymous with pollution as an old tire and reuse it in hundreds of different useful products is an incredible achievement by Bolder Industries,” said David Tauber Sr., Chairman of the Board of Directors of Bolder Industries. Tauber Oil. “At Tauber Oil, we are excited to help bring products to market in our industry that not only reduce production emissions and the use of natural resources, but keep millions of tires out of landfills. every year.”

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