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InnoVent Renewables announces its formation with a corporate mission to drive renewable energy forward by mitigating the global environmental challenge of waste tires. InnoVent Renewables launched as a U.S.-based technology and operations company with a proprietary continuous pyrolysis technology that converts waste tires, plastics, and biomass into valuable fuels and chemicals. Each year more than 1 billion tires are disposed of globally, and North America alone disposes of 100+ million tires annually. “We are thrilled to formally launch InnoVent Renewables and plan to ramp-up operations into early 2024,” noted InnoVent Renewables CEO Vibhu Sharma. “Our investors, strategic advisors, and management team are all fully committed to our success as we address the global challenge of waste tires.