Re-Cycle-to-Infrastructure
IHR has invested in a company that is bringing a solution that combines taking an un-recyclable product and “Up-Cycling” it into a use for infrastructure for growing metropolis’
The Problem of Used Tires
The number of used tires in the world can be quite large, reflecting both the number of vehicles in use and the frequency with which tires need to be replaced. To get an accurate estimate, one would need to consider the following factors:
- Global Vehicle Fleet: The total number of vehicles worldwide, which is in the billions.
- Tire Replacement Frequency: Tires typically need to be replaced every 3-6 years, depending on usage, driving conditions, and maintenance.
- There are approximately 1.4 billion used tires generated each year globally.