Reoil signed LOI with Sumitomo Rubber Industries to commercialize recovered carbon black
On March 14 2023, Reoil Sp. z o.o. – a company recycling end-of-life tires using continuous pyrolysis process, announced it had signed an LOI with Japan’s Sumitomo Rubber Industries, Ltd – a global tire manufacturer headquartered in Japan – for the commercialization of recovered carbon black (rCB).
Through this agreement, the two companies will jointly develop products allowing Reoil’s recovered carbon black to partially replace virgin carbon blacks that produced from fossil fuels.
Reoil was one of the world’s pioneers in developing a successful continuous pyrolysis technology, which it implemented in its first end-of-life tire recycling plant in Bukowno (Małopolskie, Poland) yet in 2015.
Based on unique technology, Reoil produces rCB from end-of-life tires and supplies it to the tire industry.
Reoil processes 20,000 MT of end-of-life tires per annum and recently commenced increasing its plant’s capacity to 100,000 MT. The plant’s capacity expansion is expected to be completed by the end of 2025.
About Sumitomo Rubber Industries
Sumitomo Rubber Group utilizes advanced proprietary rubber technologies to drive ongoing growth and development throughout their three main lines of business: Tires, Sports and Industrial Products.
Among Sumitomo’s products are: tires (for passenger cars, truck/bus, construction vehicles, agricultural vehicles, industrial vehicles, race/rally vehicles, motorcycles), golf and tennis goods, rubber parts for medical applications, rubber parts for office equipment, vibration control dampers, floor coating, civil works & marine facilities, rubber water seals, artificial turf for sporting facilities, rubber gloves, gas hoses, portable wheelchair ramps, etc.
In February of 2023, Sumitomo Rubber announced an ambitious New Mid-Term Plan that aims to live up its corporate philosophy as well as its purpose: Through innovation we will create a future of joy and well-being for all. So that we may further enhance both our group’s economic value and their value to society.