Goodyear Tire & Rubber Company has taken a further step towards its aim of achieving material sustainability by producing a tyre with 70 per cent sustainable material content. While this Goodyear Assurance tyre is a demonstration model and won’t be offered for sale just now, innovations contained within will certainly appear in future ranges.
On 17 December, Birla Carbon executed a US$750 million Sustainability Linked Loan (SLL) with a syndicate of more than 15 banks and intends to use the proceeds from the loan to refinance its existing debts. Key Performance Indicators (KPIs) linked to the facility include: “direct CO2 intensity, bringing circular products to market, and an external rating of Sustainability”. The fund’s direct connection with “bringing circular products to market” could be interpreted as an indication that the company is willing to invest in technologies such as pyrolysis which seeks to recover carbon black from end-products such as tyres.
Goodyear Tire & Rubber may soon be utilising carbon black produced from methane and/or biomethane in its tyres thanks to a new partnership with US-based clean materials firm Monolith. The two companies have signed a collaboration agreement and letter of intent covering the development and potential use of such products, which are made through a plasma-based methane pyrolysis process.
After its first 18 months of existence, members of the BlackCycle R&D project met at Michelin’s technology centre in Ladoux, France on 22 November for the consortium’s first workshop. Some 120 international industry leaders, academics, H2020 project coordinators, politicians, and institutional representatives from 20 countries exchanged ideas and discussed the deployment of circular economy initiatives in Europe.
Under a freshly signed Memorandum of Understanding (MOU), Cabot Corporation will work with IFF Health and Biosciences, a leader in world-class bio-science and engineering, to develop and commercialise sustainable reinforcing additives for rubber products. The partners will exclusively work together to accelerate the advancement of solutions that reduce greenhouse gas emissions and increase the amount of renewable bio-based content in rubber products.
Cabot Corporation has aligned its sustainability agenda with the Paris Climate Agreement to achieve net zero emissions by 2050. Announcing its commitment to the agreement today, Cabot says this decision demonstrates its “ongoing commitment to protect the planet and further the company’s robust sustainability journey.”
The CEO of Scandinavian Enviro Systems (Enviro), Thomas Sörensson, participated in a panel on the role of sustainability and particularly recovered carbon black (rCB) alongside executives from world-leading manufacturers Michelin and Bridgestone on 22 November 2021. The presentation was given at Smithers Recovered Carbon Black Conference, an international conference in Amsterdam.
US-based sustainable materials supplier Bolder Industries, Inc. is looking forward to increasing deliveries to tyre makers and other manufacturers thanks to a new partnership with Liberty Tire Recycling, one of the leading providers of tyre recycling services in North America. It anticipates that the Liberty-supplied feedstock will help it meet growing contractual obligations for its BolderBlack recovered carbon black and BolderOil petrochemicals.
Cabot Corporation has agreed to buy Tokai Carbon (Tianjin) Co. Ltd. from Tokai Carbon Group for US$9 million. The carbon black manufacturing facility was commissioned in 2006 and is located in close proximity to Cabot’s current carbon black and speciality compounds facility in Tianjin, China. Cabot will run the plant and intends to continue to supply current customers while conducting technology upgrades. The transaction is expected to close in the second quarter of 2022.
A business that claims a nearly endless market to conquer with projected EBITDA margins approaching 70 per cent is either deluded or on to a good thing. And as the deluded don’t receive substantial investment from firms such as Michelin, the latter must apply in the case of Scandinavian Enviro Systems (Enviro). The company aims to be the leading player in the circular economy for tyres and wants to secure a 15 to 30 per cent share of the global market for recovered carbon black. The UK is tipped to be an early beneficiary of these ambitious growth plans.
Bridgestone Corporation and Michelin Group will deliver a shared perspective regarding material circularity and the ambition to increase the utilisation of recovered carbon black material in tyres. The two tyre makers will jointly present their position at the Smithers Recovered Carbon Black Conference in Amsterdam on 22 November 2021.
The Board of Scandinavian Enviro Systems (Enviro) decided today on the final location for establishing its previously announced recycling plant in Uddevalla, Sweden, and also approved the company’s environmental permit application. The company intends to formally submit the application this Friday and anticipates that the application process may take up to one year.
Birla Carbon, one of the leading manufacturers of carbon black, has announced a global price increase for all its Specialty Blacks products. These increases take effect 1 December 2021; all shipments made on or after this date are subject to the price increase.
Bolder Industries, Inc., a US-based firm specialising in converting end-of-life tyres into sustainable carbon black, oil and steel, has raised US$80 million in equity and an additional $100 million in committed project-level funding. This will support global growth to meet rising customer demand, including long-term contracts from major automotive, manufactured rubber, plastics and sustainable petrochemicals partners. Funding is co-led by CIM Group and Aravaipa Ventures and supported by strategic partner Tauber Oil.
Black Bear Carbon B.V. has entered into a long-term supply chain and marketing cooperation with German chemicals marketing company Helm AG. Under this cooperation, the partners will jointly introduce industrial clients to the carbon black that Black Bear recovers from end-of-life tyres. Black Bear says it will contribute its extensive knowledge in product and application development while Helm will provide its supply chain know-how and commercial expertise through its broad market presence.