Nynas has exited company reorganisation after Swedish courts confirmed the process is now complete following a creditors meeting. The court’s decision is effective 21 December 2020. After this, Nynas will no longer be limited by reorganisation regulations.
Goodyear has set the goal of fully replacing petroleum-derived oils by 2040 by switching to “materials that deliver best-in-class quality and performance”. But how? And which materials? That’s where soybeans come in.
Recycled plastics will become a raw material within new tyres in future. This is a key intended application of a technology that the Michelin Group is exploring under a new joint development agreement with Canadian firm Pyrowave. Michelin ultimately intends to invest more than 20 million euros in the joint development agreement and combine its industrial know-how with Pyrowave’s expertise.
Most commonly found in nature as quartz, silica is one of the world’s most abundant, durable and useful minerals. While predominantly used in glass production, industrial-grade silica in its finest form is also mixed with rubber to strengthen tyre treads and reduce rolling resistance. But although silica is by no stretch of the imagination in short supply, Goodyear is doubling its commitment to obtain this material from an alternative source.
Synthetic rubber and plastics manufacturer Trinseo has reached definitive agreements with Swiss sustainable tyre recycling specialist Tyre Recycling Solutions (TRS) on a commercial collaboration and an equity investment in TRS. The transaction is expected to close later this quarter, subject to ordinary closing conditions.
Hexpol AB (publ) has appointed Georg Brunstam as president and CEO of Hexpol AB (publ) effective 20 November 2020. Georg Brunstam is currently chairman of the Board for Hexpol AB (publ) and had previously been President and CEO for Hexpol AB (publ) 2007-2017.
Campaign group Mighty Earth has published a report alleging that Michelin “covered up industrial-scale deforestation of over 2,500 hectares of rainforest in the run-up to the launch of its flagship ‘eco-friendly’ sustainable natural rubber joint venture project in Sumatra, Indonesia”. The project is currently seeking an additional $120 million in investment from green financiers. Michelin’s joint-venture Indonesia natural rubber project Royal Lestari Utama (RLU) robustly denied the allegations.
Kordsa has been awarded the Gold rating for sustainability by Ecovadis. The rating reflects the tyre and construction reinforcement material supplier’s commitment to achieving sustainability. It also calls Kordsa outstanding in the environment, sustainable procurement, workforce and human resources categories. The Gold award places Kordsa within the top companies among more than 40,000 surveyed for their sustainability credentials between 2015-2019.
Members of the Global Platform for Sustainable Natural Rubber (GPSNR) convened the annual General Assembly on 23 September 2020. The event saw the approval of a members’ sustainability policy framework and the creation of a new membership category for smallholder producers of natural rubber.
Double Coin Tires engineers praised the benefits of Eastman’s Eastman Crystex Cure Pro insoluble sulphur alongside scientists from the chemicals manufacturer Eastman during a joint speech at the China Rubber Industry Association (CRIA) conference on 15 September. Around 200 professionals from tyre-related enterprises gathered at the conference to discuss the latest industry technologies and market status.
Having exited US sanctions in May 2020, Nynas – which supplies oils to the tyre and rubber industries – has continued an eventful year by announcing significant ownership changes that put Bitumina in a commanding position amongst its shareholders.
The European Union has added natural rubber to its list of critical raw materials, a document that was published on 3 September 2020. Listing the main global production centres as Indonesia (31 per cent); Thailand (18 per cent); and Malaysia (16 per cent), the EU underlined that 100 per cent of European requirements are imported and that tyres and rubber components are the principal uses.
Michelin and Pirelli are leading the way on tyre and rubber sustainability, according to a recent report from Context Group. Context’s ranking assessed 11 members of the Tire Industry Project (TIP), namely Bridgestone; Continental; Cooper; Goodyear; Hankook; Kumho; Michelin; Pirelli; Sumitomo Rubber; Toyo and Yokohama.
Context analysed the sustainability content on each company’s website to see if it included communications covering some of the main issues associated with the life cycle impacts of tyres, including the four focus areas of the TIP: tyre and road wear particles, sustainable natural rubber, end-of-life tyres and environmental performance. The researchers assessed how well the companies tell their sustainability story by looking at their use of multimedia, news articles and social media.