CSRC group's board has approved a partnership with Eco Infinic Co., a subsidiary of SHEICO group, to invest in the recovered carbon black (rCB) business at the former site of Continental Carbon Company (CCC) Phenix plant. This joint venture aims to develop the North American market for recovered carbon black and commence production in 2026. According to CSRC, the new plant will be one of the largest in North America, with an annual capacity of 30,000 tons of rCB, 35,000 tons of tire pyrolysis oil (TPO), and 2,300 tons of steel wire.

The joint venture will be 65% owned by Eco Infinic, with CSRC and CCC jointly holding 35%. Specifically, the capital contributions to the joint venture are as follows: CSRC will contribute USD 12,500,000 in cash for 21% of the shares; CCC will contribute assets worth USD 8,500,000 for 14% of the shares; and Eco Infinic will contribute USD 39,000,000 in cash for 65% of the shares.

This initiative supports the net-zero carbon emission target by 2050, aligning with the sustainability goals of major tire manufacturers like Michelin and Bridgestone. Currently, less than 1% of carbon black in new tire production is from recycled tires, but the demand for recovered carbon black is expected to surge.

SHEICO, a Taiwan-based company, has been recognized for its commitment to eco-friendly materials and the circular economy, with significant involvement in rubber and recovered carbon black production. This partnership aims to enter the US market, reduce carbon emissions, and achieve carbon neutrality across the industrial chain.

CSRC emphasizes the circular economy and low-carbon technologies, recently introducing "Ouroboros," a sustainable regenerative solution. This eco-circular carbon black has been adopted by major tire manufacturers and electronics companies. CSRC hopes to contribute to sustainability efforts and strengthen its influence in green sustainability.

For more details, read the full press release by CSRC.