Entyr's strategic supply agreements

Entyr (ASX:ETR), a leader in environmental technology focused on tyre recycling, has announced substantial progress in its operations through new supply agreements. These include a five-year agreement with Austek Production Pty Ltd and an amended deal with Trafigura. The agreements aim to provide stable revenue and support Entyr's operations at its Stapylton facility.

Entyr's business strategy and future outlook

Entyr Limited has secured key agreements aimed at stabilizing its revenue and operations in the tyre recycling sector. The five-year agreement with Austek Production Pty Ltd covers the supply of recovered carbon black and tyre pyrolysis oil, while the amended agreement with Trafigura adjusts product allocations and obligations. Additionally, a two-year tyre supply contract ensures feedstock security. These agreements, projected to generate $5.3 million in revenue by the end of 2025, underpin Entyr's commitment to sustainable practices. The company plans to restart production at its Stapylton facility in April 2025, contingent on recapitalization and ASX trading reinstatement. Entyr's strategic moves align with its aim to expand market presence while maintaining environmental responsibility.

Executive insights on Entyr's agreements

These strategic agreements enhance our supply security and open up additional market opportunities, aligning with our business strategy as we prepare to restart production at our Stapylton facility,' said Entyr's Executive Chairman.