InnoVent Renewables
InnoVent Renewables is a U.S.-based, privately held pyrolysis technology and operations company that converts end-of-life tires into pyrolysis oil, recovered carbon black, aromatics, steel, and rubber crumb at its Monterrey, Mexico commercial facility, and licenses its proprietary continuous pyrolysis process globally through an exclusive partnership with Lummus Technology.
- Company typePrivate
- Founded2023
- HeadquartersHouston, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What InnoVent Renewables does
InnoVent Renewables is a U.S.-based, privately held technology and operations company (founded August 2023 as a spin-off from InnoVent Technology) that deploys a proprietary continuous pyrolysis platform to convert end-of-life tires — and, by design, plastics and biomass — into valuable fuels and chemicals. Its commercial facility in Monterrey, Mexico processes up to one million passenger tires per year per production train, achieving a stated 95% ELT recovery rate and yielding five output streams: pyrolysis oil (PyOil), recovered pyrolysis gas (used internally for preheating in a net-zero-energy configuration), recovered/circular carbon black (rCB) processed through a proprietary polishing unit, aromatics, and recycled steel wire. The Monterrey site has explicit expansion capacity via parallel production trains; the company also maintains an engineering presence in Pune, India.
The business operates three revenue streams: (1) direct product sales of PyOil, rCB, steel, rubber crumb, and aromatics to industrial customers via off-take agreements (e.g., Acero Monterrey for recycled steel, an unnamed major road construction company for rubber crumb, fuel blenders/petrochemical off-takers for PyOil), (2) technology licensing royalties through an exclusive global Master Cooperation Agreement with Lummus Technology (October 2025), under which Lummus serves as the sole worldwide licensor and integrator of InnoVent's downstream processing technologies, and (3) potential carbon credit/offset monetization tied to the circular nature of its products. The customer base is concentrated in Mexico industrial off-takers today, but the Lummus channel is positioned to expand deployment across North America, LATAM, Europe, Middle East, and Asia-Pacific via public-private partnerships with state and county governments.
Strategically, InnoVent has assembled an executive team with 25–30+ years of refining, chemicals, and tire-industry experience (Wood PLC, Shell, Goldman Sachs, TechnipFMC, Bridgestone Mexico, JK Tornel, Motiva Refining, AspenTech) and has executed a compressed sequence of commercial milestones from pilot production in 2024 to a Lummus strategic investment in January 2026. The company states a five-year target of recycling 150,000 tons of tires and reducing 800 million pounds of CO2 emissions, supported by site expansion in Monterrey and pursuit of new production facilities in Texas, Florida, California, and select international markets.
InnoVent Renewables firmographics
Firmographics- Name
- InnoVent Renewables
- Legal name
- InnoVent Renewables, LLC
- Website
- https://innoventrenewables.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- InnoVent Renewables is a U.S.-based, privately held pyrolysis technology and operations company that converts end-of-life tires into pyrolysis oil, recovered carbon black, aromatics, steel, and rubber crumb at its Monterrey, Mexico commercial facility, and licenses its proprietary continuous pyrolysis process globally through an exclusive partnership with Lummus Technology.
- Ownership category
- akta.pro rank
InnoVent Renewables industry classification
Industry- Product category
- Waste Tire Recycling and Circular Fuels
- NAICS
- Tire Manufacturing (32621), Tire Manufacturing (except Retreading) (326211)
- SIC
- Tires & Inner Tubes (3011), Industrial Organic Chemicals (2860)
- akta.pro primary industry
- Tire Recycling & Processing (Shredding, TDF, Pyrolysis Feedstock) (IMANAMAF)
- akta.pro secondary industries
- Biofuel Plant EPC, O&M & Process Technology Providers (EUAAAHAK), Circular Economy & Resource Efficiency (BPADALAM), General-Purpose Rubber Compounds (NR/SBR/BR/EPDM) (IMANAJAA)
Keywords
Where InnoVent Renewables is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
InnoVent Renewables business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Product Sales (PyOil, rCB, Steel, Rubber Crumb): InnoVent generates revenue by selling products derived from tire pyrolysis: tire pyrolysis oil (PyOil), recovered/circular carbon black (rCB), recycled steel wire, and rubber crumb. Products are sold to industrial customers including road construction companies, steel suppliers, and fuel/blending operations. The company has signed agreements such as selling recycled steel to Acero Monterrey and shipping rubber crumb to road construction companies. PyOil can be sold as fuel oil, off-road diesel, as a feedstock to crude blending, or as feed for carbon black and aromatic plants.
- Technology Licensing Royalties: Under the Master Cooperation Agreement with Lummus Technology, InnoVent earns licensing royalties for its proprietary continuous tire pyrolysis technology. Lummus serves as the exclusive global licensor worldwide, handling technology deployment, engineering, and scaling. This provides a recurring royalty stream as the technology is licensed globally.
- Carbon Credits and Offsets: InnoVent's circular products (PyOil, rCB, recycled steel, rubber crumb) attract carbon credits and carbon offsets as global demand increases for circular products and environmentally conscientious manufacturing. This represents an additional revenue stream tied to the environmental impact of their products.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | No public pricing listed - direct sales model with quote-based engagement |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
InnoVent Renewables product offering
Product offeringCore offering
InnoVent Renewables operates a proprietary continuous pyrolysis technology platform that converts end-of-life tires, plastics, and biomass into valuable fuels and chemicals. Its commercial facility in Monterrey, Mexico processes up to one million passenger tires annually, producing pyrolysis oil (PyOil), recovered carbon black (rCB), aromatics, steel wire, rubber crumb, and pyrolysis gas. The company licenses its technology globally through Lummus Technology and sells circular products directly to industrial customers.
Product overview
InnoVent Renewables operates a continuous pyrolysis technology platform that converts end-of-life tires into five primary products: PyOil (pyrolysis oil), PyGas, Recovered Carbon Black (rCB), Aromatics, and Steel Wire. The company runs a commercial facility in Monterrey, Mexico processing up to one million passenger tires annually. The proprietary continuous pyrolysis process is exclusive to InnoVent and was developed in collaboration with a world-renowned research facility, with process quality validated in 2022 using comprehensive process simulation software. Lummus Technology serves as the exclusive global licensor of the technology.
Differentiator
Problem solved
Functional benefit
Products and services
- PyOil (Pyrolysis Oil) High-quality renewable pyrolysis oil produced via continuous tire pyrolysis; sold as fuel oil, off-road diesel, or used as feedstock for crude blending and aromatics extraction. Contains a high percentage of valuable aromatic compounds which can be extracted and sold at higher margins. Targeted at fuel blenders, petrochemical producers, and carbon black plants.
- rCB (Recovered/Circular Carbon Black) Carbon black recovered from end-of-life tires and processed through a proprietary polishing unit that removes metals, silica, and metal oxides to produce a ready-to-use powder. Used as elastomer-reinforcing agent in tire and rubber production, and in inks, coatings, dyes, electrical conductivity agents in batteries, and UV stabilizers.
- Aromatics Aromatic compounds extracted from pyrolysis oil, sold as feedstock for petrochemical production or carbon black plants at higher margins than standard fuel products.
- Steel Wire Steel wire recovered from end-of-life tires, used as a fundamental building material made primarily of iron alloyed with carbon; used to manufacture metal abrasives, steel wire cut pellets, and other basic steel materials. Sold to steel suppliers such as Acero Monterrey under long-term offtake.
- Rubber Crumb (ELT) End-of-life tire rubber crumb recovered from the pyrolysis process and sold for use in road construction applications such as speed bumps and asphalt. Targeted at road construction and infrastructure customers.
- PyGas Recovered by-product gas from the pyrolysis reactor; treated to remove sulfur and used to preheat shredded tires in the reactor. Available for use in petrochemical production.
- Continuous Pyrolysis Technology Licensing Proprietary continuous pyrolysis technology licensed globally through Lummus Technology under a Master Cooperation Agreement, providing licensees with engineering, scaling, and downstream process integration for converting waste tires, plastics, and biomass into fuels and chemicals.
Quantifiable outcome
- 95% ELT recovery rate
- +4 more outcomes
Companies that use InnoVent Renewables
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles3 records
InnoVent Renewables technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
InnoVent Renewables partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered flagship and core.
- Lummus TechnologyflagshipLummus Technology and InnoVent Renewables established their partnership in 2025, beginning with a MoU in June 2025, followed by a Master Cooperation Agreement (MCA) in October 2025 making Lummus the exclusive global licensor of InnoVent's tire pyrolysis technology. In January 2026, Lummus made a strategic investment in InnoVent to accelerate global deployment. The collaboration integrates Lummus' downstream processing technologies to enhance the value of fuel and chemical outputs. Lummus leverages its global licensing network, engineering expertise, and advanced process technologies to scale the technology worldwide. The investment aims to increase production capacity at InnoVent's Monterrey facility and enhance the technology's commercial viability and global adoption.
- The Viswa GroupcoreInnoVent partnered with The Viswa Group, a global testing and certification company established in 1991, to analyze and validate samples of tire pyrolysis oil (TPO) produced at its pilot facility. The Viswa Group conducted detailed chemical composition analysis and quality testing of InnoVent's oil products. The Viswa Group serves over 600 customers and 8,000 ships annually across seven global locations including Singapore, China, Houston, New Orleans, Middlesbrough UK, Antwerp Belgium, and Fujairah UAE. This partnership validates the quality of InnoVent's pyrolysis oil products for fuel applications.
- Acero MonterreycoreInnoVent Renewables signed an agreement with Acero Monterrey, a prominent steel supplier in Mexico, for selling its recycled steel wire produced from tire pyrolysis. InnoVent expects to generate over 1,000 tons of steel annually from its pyrolysis facility. The partnership provides InnoVent with a circular economy outlet for its steel output and gives Acero Monterrey a sustainable source of recycled steel. The process includes a dedicated tire collection site ensuring seamless steel wire removal, cleaning, and storage.
Scale indicators7 records
Recent moves7 records
Expansion highlights5 records
InnoVent Renewables competitors and assessment
Company assessmentDirect peers
- Bolder Industries: Bolder Industries operates commercial tire-recycling facilities in the U.S. producing recovered carbon black, synthetic oil and steel — overlapping product slate and North American footprint with InnoVent.
- Scandinavian Enviro Systems: Scandinavian Enviro Systems (now part of Antin Infrastructure Partners) develops and licenses modular tire-pyrolysis plants producing oil, carbon black, and steel, directly competing with InnoVent in technology licensing and circular tire solutions.
- Contec S.A. Contec S.A. is a Polish tire-pyrolysis operator with commercial plants producing oil, carbon black and steel, directly comparable in process technology and end-product mix to InnoVent's continuous pyrolysis platform.
- Klean Industries: Klean Industries is a tire pyrolysis technology provider and project developer with global deployments, making it a direct competitor to InnoVent in continuous tire pyrolysis technology licensing and plant development.
- Genan: Genan is one of Europe's largest tire recyclers, producing rubber granulate, steel and textile fiber from end-of-life tires; a direct peer in the tire-recycling end-market and an off-take competitor for feedstock.
- Pyrum Innovations AG: Pyrum Innovations is a publicly listed German company operating proprietary tire-pyrolysis plants that produce pyrolysis oil, rCB and recovered steel — directly comparable technology and end-product slate to InnoVent.
Emerging players
- Wastefront: Wastefront is a UK/Norwegian tire-to-fuel pyrolysis developer building plants to convert end-of-life tires into fuel oil and recovered carbon black, directly comparable to InnoVent's PyOil and rCB product strategy.
- GreenMantra Technologies: GreenMantra Technologies uses a proprietary thermal process to convert recycled plastics into specialty chemicals, applying a similar pyrolysis-based chemistry platform to a different but adjacent waste-feedstock category.
- Lehigh Technologies: Lehigh Technologies produces micronized rubber powders and recovered carbon black from end-of-life tires, partially overlapping with InnoVent's rCB and rubber crumb product lines for tire, rubber, and coatings customers.
Broad incumbents
- Michelin: Michelin is a global tire OEM with its own circular-economy and tire-recycling initiatives, representing a broad incumbent that competes for circular-tire partnerships, offtake volumes, and ESG-aligned tire customers that InnoVent also targets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
InnoVent Renewables social profiles
Digital presenceInnoVent Renewables financial estimates
Financial estimateRevenue estimate
Valuation estimate
InnoVent Renewables leadership team
Management profileNumber of profiles
Profiles12 records
InnoVent Renewables funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
InnoVent Renewables 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 InnoVent Renewables
What does InnoVent Renewables do?
InnoVent Renewables operates a proprietary continuous pyrolysis technology platform that converts end-of-life tires, plastics, and biomass into valuable fuels and chemicals. Its commercial facility in Monterrey, Mexico processes up to one million passenger tires annually, producing pyrolysis oil (PyOil), recovered carbon black (rCB), aromatics, steel wire, rubber crumb, and pyrolysis gas. The company licenses its technology globally through Lummus Technology and sells circular products directly to industrial customers.
Is InnoVent Renewables a public or private company?
InnoVent Renewables is a private company. It is classified as venture growth investor backed and is currently operating.
When was InnoVent Renewables founded?
InnoVent Renewables was founded in 2023. It employs 11 to 50 people.
Where is InnoVent Renewables based?
InnoVent Renewables is headquartered in Houston, United States, in the North America region.
How does InnoVent Renewables make money?
Three revenue lines are on record. Product Sales (PyOil, rCB, Steel, Rubber Crumb) is the primary driver. The others are technology Licensing Royalties and carbon Credits and Offsets.
Who are InnoVent Renewables's main competitors?
Direct peers on record are Bolder Industries, Scandinavian Enviro Systems, Contec S.A., Klean Industries, Genan and Pyrum Innovations AG. Emerging players are Wastefront, GreenMantra Technologies and Lehigh Technologies. Michelin is listed as a broad incumbent.
Does InnoVent Renewables have an API?
No public API is recorded for InnoVent Renewables.
What industry is InnoVent Renewables in?
InnoVent Renewables's product category is Waste Tire Recycling and Circular Fuels. Its primary akta.pro industry code is IMANAMAF, Tire Recycling & Processing (Shredding, TDF, Pyrolysis Feedstock), with a secondary code of EUAAAHAK, Biofuel Plant EPC, O&M & Process Technology Providers. Its NAICS code is 32621 and its SIC code is 3011.