Bolder Industries
Bolder Industries is a Boulder, Colorado-based circular-economy company that uses proprietary continuous thermal pyrolysis to convert end-of-life tires into ISCC PLUS certified recovered carbon black (BolderBlack), oil, and steel for tire manufacturers and industrial compounders.
- Company typePrivate
- Founded2015
- HeadquartersBoulder, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Bolder Industries does
Bolder Industries is a private circular-economy infrastructure company headquartered in Boulder, Colorado, that converts end-of-life tires into three ISCC PLUS certified recovered materials — BolderBlack (recovered carbon black), BolderOil (pyrolysis oil), and recovered steel — using a proprietary continuous thermal pyrolysis process protected by US Patent No. 11,441,038. The company operates a 24,000 sq ft commercial plant in Maryville, Missouri that processes over 2 million scrap tires annually with a 98% material recovery rate, has expanded to a second US site in Terre Haute, Indiana, and is developing an 86,000-metric-ton facility at the Port of Antwerp-Bruges in Belgium designed to divert approximately 6 million end-of-life tires per year. Manufacturing is supported by Rockwell Automation process control systems (PlantPAx, FactoryTalk), and the in-house Bledsoe Innovation Group operates a compounding laboratory that co-develops customer-specific rubber and plastic formulations with buyers.
Revenue is generated through B2B sales of recovered materials to enterprise buyers under multi-year offtake and supply agreements, with secondary revenue from recovered oil and steel byproducts. Pricing is quote-based and not publicly disclosed, with multi-year contract cadence. The go-to-market combines direct enterprise field sales to large tire OEMs (Continental, Pirelli North America, Soucy Techno, Elite Elastomers) with channel distribution partnerships (Swan Chemical, Thomas Swan Ltd) for regional and mid-market reach. The commercial model has shifted toward closed-loop industrial ecosystems — most visibly via Pirelli's North American closed-loop tire recycling initiative launched in May 2026 — embedding Bolder Industries directly into customer feedstock and product specification flows.
The company has raised $80M in equity and $100M in project-level funding (October 2021), approximately $35M in EU Innovation Fund co-funding (November 2024), and a transformational growth investment from Tiger Infrastructure Partners (February 2025), supporting multi-continent capacity build-out. Leadership includes founder and CEO Tony Wibbeler, CFO Ryan Carr, Head of Technology Nate Murphy, President of Europe Michael Murray (founder of Cynar Plc, the first commercial end-of-life-plastic-to-chemical technology company), and Director of Sustainability Ken Dunn. Headcount is concentrated across three manufacturing sites (Maryville approximately 50, Terre Haute over 50, Belgium expected at more than 50), with operations scaled around tier-1 OEM validation rather than mass-market distribution.
Bolder Industries firmographics
Firmographics- Name
- Bolder Industries
- Legal name
- Bolder Industries
- Website
- https://bolderindustries.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Bolder Industries is a Boulder, Colorado-based circular-economy company that uses proprietary continuous thermal pyrolysis to convert end-of-life tires into ISCC PLUS certified recovered carbon black (BolderBlack), oil, and steel for tire manufacturers and industrial compounders.
- Ownership category
- akta.pro rank
Bolder Industries industry classification
Industry- Product category
- Recovered Carbon Black and Tire Recycling Materials
- NAICS
- Carbon and Graphite Product Manufacturing (335991), Petroleum and Coal Products Manufacturing (3241)
- SIC
- Industrial Organic Chemicals (2860), Miscellaneous Chemical Products (2890)
- akta.pro primary industry
- Carbon Black & Bulk Pigments (IMAEAAAF)
- akta.pro secondary industries
- Tire Recycling & Processing (Shredding, TDF, Pyrolysis Feedstock) (IMANAMAF), Black Masterbatch & Carbon Black-Filled Rubber Mixing (IMANAJAD)
Keywords
Where Bolder Industries is headquartered
LocationHeadquarters
- HQ city
- Boulder
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Bolder Industries business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Recovered Carbon Black (rCB) Product Sales: Primary revenue stream from selling BolderBlack recovered carbon black to tire manufacturers, rubber compounders, and industrial product makers. Sold under long-term supply agreements and through distribution partners.
- Petrochemical Byproducts (Recovered Oil): Revenue from recovered oil produced as a byproduct of the pyrolysis process, sold to petrochemical industry counterparties.
- Recovered Steel: Revenue from recovered steel extracted during the end-of-life tire pyrolysis process.
- Long-term Supply Agreements: Multi-year supply contracts with strategic partners (e.g., Soucy Techno) providing recurring revenue visibility.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | B2B enterprise pricing — quote-based for recovered carbon black and petrochemical products |
Go-to-market motion5 records
Distribution channels3 records
Marketing channels4 records
Bolder Industries product offering
Product offeringCore offering
Bolder Industries manufactures and sells BolderBlack recovered carbon black, BolderOil pyrolysis oil, and recovered steel produced from end-of-life tires via a proprietary continuous thermal pyrolysis process. The products serve as sustainable replacements for virgin carbon black and petrochemical feedstocks in tire manufacturing, rubber compounding, plastic masterbatch production, and petrochemical applications. Products are ISCC PLUS certified as circular raw materials and sold to enterprise customers under long-term supply and offtake agreements.
Product overview
Bolder Industries is a circular-economy infrastructure company that operates a proprietary continuous thermal pyrolysis process to convert end-of-life tires into three main sustainable raw material products: BolderBlack (recovered carbon black), BolderOil (pyrolysis oil), and Steel (recovered tire steel). The company also operates the Bledsoe Innovation Group, a compounding laboratory that helps customers integrate these materials into rubber, plastic, and petrochemical formulations. The products are ISCC PLUS certified as circular raw materials and are used in new tires, automotive parts, construction materials, consumer goods, and petrochemical products.
Differentiator
Problem solved
Functional benefit
Brands
- BolderBlack: Sustainable recovered carbon black alternative produced from 100% post-consumer or post-industrial tires, replacing petroleum-derived carbon black as a rubber reinforcing agent and black pigment in plastics
- BolderOil
- BolderSteel
- Bledsoe Innovation Group
- N2TR (Next Gen Thermal Tire Re-use)
Products and services
- BolderBlack Recovered carbon black (rCB) produced from 100% post-consumer or post-industrial tires and rubber scrap through Bolder Industries' proprietary continuous thermal pyrolysis process. Replaces petroleum-derived virgin carbon black as a rubber reinforcing agent and black pigment in plastics. ISCC PLUS certified as a circular raw material.
- BolderOil Pyrolysis oil produced from end-of-life tires as a byproduct of the continuous thermal pyrolysis process. Used as blendstock for crude oil refining, heating oils, very low sulfur fuel oils, and solvent feedstocks. Contains less than 0.5% water and less than 1% carbon solids. ISCC PLUS certified.
- Recovered Steel (BolderSteel) High-quality tire steelcord and beadwire recovered through Bolder Industries' pyrolysis process, achieving 99% freedom from residual rubber. Valued in the recycled steel market, with production of approximately 260 tons per month as of end of 2021.
- Bledsoe Innovation Group Compounding Services Bolder Industries' compounding laboratory dedicated to incorporating BolderBlack and BolderOil into rubber, plastics, and petrochemical formulations. Provides technical collaboration with customers to co-develop compounds and products for specific applications.
Quantifiable outcome
- 90% less CO2 emissions compared to virgin carbon black production
- +3 more outcomes
Companies that use Bolder Industries
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Bolder Industries technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Bolder Industries partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, major and supporting.
- Liberty Tire RecyclingcoreStrategic partnership for sourcing end-of-life tires as feedstock for the pyrolysis process and advancing circular economy objectives in tire recycling.
- ContinentalcoreCollaboration with Continental on commercializing recovered carbon black in tire manufacturing. Joint development of sustainable tire formulations using BolderBlack rCB.
- PirellicoreClosed-loop recycling initiative partnership with Pirelli North America, where end-of-life tires from Pirelli's products are processed and rCB is returned for use in new tire production.
- Soucy TechnocoreLong-term supply agreement for BolderBlack recovered carbon black, providing committed offtake and revenue visibility for manufacturing operations.
- Swan Chemical / Thomas Swan LtdmajorRegional distribution partnership covering key markets for BolderBlack and petrochemical products, leveraging Thomas Swan's established distribution network.
- Tauber OilsupportingStrategic partnership in the petrochemical sustainability space, involving offtake and offtake financing for recovered oil produced from the pyrolysis process.
- Rockwell AutomationsupportingTechnology and automation partner providing control systems and industrial automation solutions for the continuous thermal pyrolysis process at Bolder Industries facilities.
- Port of Antwerp-BrugessupportingStrategic location partnership for the Belgium manufacturing facility, providing proximity to European tire industry and petrochemical infrastructure.
- OSQB, United Experts, Antea Group, CyclopssupportingEngineering, environmental consulting, and permitting partners supporting the development and regulatory approval of the Belgium manufacturing facility.
- Elite ElastomersmajorCommercial partnership for supplying BolderBlack to elastomer compounders for use in industrial rubber products.
- Bledsoe Innovation GroupsupportingInternal compounding laboratory partnership supporting product development and application testing of BolderBlack in various elastomer formulations.
Scale indicators6 records
Recent moves10 records
Expansion highlights6 records
Bolder Industries competitors and assessment
Company assessmentDirect peers
- Contec S.A. Polish company commercializing tire pyrolysis technology for recovered carbon black production — directly comparable to Bolder as a regional European player targeting the same circular-economy tire-to-rCB value chain.
- Scandinavian Enviro Systems (Enviro): Swedish public company that operates end-of-life tire pyrolysis to produce recovered carbon black, oil, and steel — directly competing with Bolder's BolderBlack/BolderOil/BolderSteel product trio using similar continuous pyrolysis technology.
- Black Bear Carbon: Dutch company that pioneered recovered carbon black from end-of-life tires using a proprietary pyrolysis process — a direct technology and product competitor to Bolder's BolderBlack in the European tire and rubber market.
- Pyrolyx AG: German-headquartered tire pyrolysis company producing recovered carbon black (rCB) from end-of-life tires using a proprietary continuous process — a direct competitor in the global rCB market targeting the same tire manufacturer and rubber compounder customers.
- Klean Industries: Global tire pyrolysis technology provider building commercial plants to convert end-of-life tires into rCB, oil, and steel — a direct competitor pursuing similar project-based deployment and offtake partnerships with tire manufacturers.
Others
- Liberty Tire Recycling: North America's largest end-of-life tire collector and processor — Bolder's core feedstock partner that supplies end-of-life tires; comparable in the broader tire circular economy ecosystem and a key upstream dependency.
Broad incumbents
- Birla Carbon: One of the world's largest carbon black manufacturers serving tire, rubber, and plastics customers globally — represents the incumbent virgin carbon black supply that Bolder's recovered product must displace in customer formulations.
- Cabot Corporation: Global specialty chemicals company and leading producer of virgin carbon black (among other performance materials) for tire reinforcement and pigments — a large incumbent competitor that Bolder's rCB targets as a sustainable alternative.
- Orion S.A. (Orion Engineered Carbons): Global specialty chemicals company and one of the world's largest producers of virgin carbon black for tires, rubber, and plastics — Bolder's primary incumbent competitor whose products BolderBlack directly displaces on sustainability grounds.
Emerging players
- Tornado Spectral Systems / CarbonX (emerging rCB): Emerging technology and materials players developing alternative carbon black recovery and graphene-from-tire pathways — adjacent emerging competitors that could intersect with Bolder's recovered carbon black market over time.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Bolder Industries social profiles
Digital presenceBolder Industries compliance and trust
Trust signalCompliance2 records
Bolder Industries financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bolder Industries leadership team
Management profileNumber of profiles
Profiles12 records
Bolder Industries subsidiaries and ownership
Company hierarchySubsidiaries3 records
Bolder Industries funding detail
Funding detailFunding overview
Funding rounds3 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bolder Industries M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bolder Industries
What does Bolder Industries do?
Bolder Industries manufactures and sells BolderBlack recovered carbon black, BolderOil pyrolysis oil, and recovered steel produced from end-of-life tires via a proprietary continuous thermal pyrolysis process. The products serve as sustainable replacements for virgin carbon black and petrochemical feedstocks in tire manufacturing, rubber compounding, plastic masterbatch production, and petrochemical applications. Products are ISCC PLUS certified as circular raw materials and sold to enterprise customers under long-term supply and offtake agreements.
Is Bolder Industries a public or private company?
Bolder Industries is a private company. It is classified as venture growth investor backed and is currently operating.
When was Bolder Industries founded?
Bolder Industries was founded in 2015. It employs 11 to 50 people.
Where is Bolder Industries based?
Bolder Industries is headquartered in Boulder, United States, in the North America region.
How does Bolder Industries make money?
Four revenue lines are on record. Recovered Carbon Black (rCB) Product Sales are the primary driver. The others are petrochemical Byproducts (Recovered Oil), recovered Steel and long-term Supply Agreements.
Who are Bolder Industries's main competitors?
Direct peers on record are Contec S.A., Scandinavian Enviro Systems (Enviro), Black Bear Carbon, Pyrolyx AG and Klean Industries. Liberty Tire Recycling is listed as an others. Broad incumbents are Birla Carbon, Cabot Corporation and Orion S.A. (Orion Engineered Carbons). Tornado Spectral Systems / CarbonX (emerging rCB) is listed as an emerging player.
Does Bolder Industries have an API?
No public API is recorded for Bolder Industries.
What industry is Bolder Industries in?
Bolder Industries's product category is Recovered Carbon Black and Tire Recycling Materials. Its primary akta.pro industry code is IMAEAAAF, Carbon Black & Bulk Pigments, with a secondary code of IMANAMAF, Tire Recycling & Processing (Shredding, TDF, Pyrolysis Feedstock). Its NAICS code is 335991 and its SIC code is 2860.