Budapest, Hungary, 01 September 2025 – In a bid to effectively execute impending new projects, privately held New Energy re-organises itself in three units, each geared to specific aspects of establishing successful new facilities in Europe and beyond. Newly incorporated NE-TECH INDUSTRIES will focus on continued R&D, technology manufacturing, and the supply and installation of turnkey facilities licensed to customers and partners. Based on established relations with major European off-takers, the unit NE-TECH TRADE will help smoothly secure long-term supply contracts for product output of the new facilities. Existing operations will be operated by the unit renamed New Energy Recycling Kft., while the new plant under construction in Karcag, Hungary, will be operated as RE-POL Kft., with NE-TECH serving as the turnkey technology supplier. The consortium will be known as NE-TECH GROUP.

“Re-aligning our efforts will allow us to focus on the essential services our customers need in building new plants. Our teams entirely engineer each new facility. It will also allow us to staff up more efficiently to overcome the challenges of multiple projects running in parallel”, said Viktor Váradi, CEO of NE-TECH GROUP.

NE-TECH GROUP is a privately held consortium engaged in the development and installation of complete waste-tire thermo-chemical upcycling facilities world-wide. Based on two decades of continued development funded by private investment and cashflow from operations since 2007, the Group is now delivering fully engineered pyrolysis solutions to a pipeline of new projects. Their proprietary reactor equipment is based on the highly developed trade-marked CrCC® technology. The ISCC-EU, REACH, and ECHA certified turn-key solutions include all steps from shredding of End-of-Life Tires (ELT) to refining the liquid and solid output products. NE-TECH GROUP’s Tire Pyrolysis Oil (TPO) has been tried and tested at length by major petro-chemical giants, while the recovered Carbon Black rCB products have been developed in cooperation with a major German auto-manufacturer. Licensing partners’ project funding efforts are accelerated by an available evaluation of the financially stable Group prepared by a major European bank.

Press release by NE-TECH GROUP.