Search Results

LD Carbon, a Seoul-based producer of recovered carbon black (rCB), has closed a $28 million Series C funding round led by Toyota's growth fund, Woven Capital, with participation by Meritz Securities, Investwith, Industrial Bank of Korea, Hyundai Motor Group Zer01ne, Elohim Partners and New Main Capital. LD Carbon will use the investment to scale operations to recycle end-of-life tires and materials from end-of-life vehicles into rCB and tire pyrolysis oil (TPO) through pyrolysis, which can be used to create new automotive parts and tires. The company says the investment will advance its mission of accelerating the circular economy while delivering material cost and carbon savings to global customers.

Mars Mineral, a global provider of pelletizing technology and agglomeration solutions, has announced the shipment of a Model 26D100L stainless steel pin mixer to LD Carbon (LDC), a leading producer of recovered carbon black (rCB). LDC, based in Seoul, South Korea, will receive the pin mixer at its new manufacturing facility in Dangjin. This plant, slated to open during the second quarter of 2024, will be the largest end-of-life tire (ELT) pyrolysis and rCB operation in Asia. The Mars Mineral Pin Mixer is a high-speed, conditioning, and micro-pelletizing device that converts rCB from pyrolysis of ELTs into small spherical pellets through the action of a high-speed rotor shaft and pin assembly with the addition of a liquid binder, usually water.

Global leading tire company Hankook Tire & Technology (Hankook Tire) hosted the official kick-off meeting for the ’Tire-to-Tire Circular Economy Model’ consortium on November 1 in Daejeon, South Korea. Held at the Hankook Technodome, the event marked the start of the consortium’s efforts to create the business model for the circular economy of end-of-life tires in Korea.

Significant technological synergies between South Korean LDC proprietary Green carbon black technology and Swiss TRS unique water-jet milling technology draw both players to sign a MoU for a first jointly owned TyreXol™ rubber powder processing plant in South Korea, with further ambitions to expand the relationship to the Asian continent.

According to the latest Smithers’press release, the Carbon Black World 2023 Conference, organized by Smithers and supported by the local host partner Jiangxi Black Cat, was a great success. 20+ speakers and 400+ delegates joined the conference in Jingdezhen, 11-14 April 2023.The conference brought together an international audience that spanned the entire value chain, including producers, end-users, equipment suppliers, and solution providers across the tire, rubber, plastics, compounds, and ink industries. “We were delighted to bring the Global leaders of the Carbon Black value chain to China, the world’s largest carbon black market.”, said Ciaran Little, VP, Americas & Asia Pacific, Information Division at Smithers. “The event provided a timely forum for discussion of the key opportunities and challenges in the sector and a vital platform for collaboration and future partnership.”

Mars Mineral, a global provider of pelletizing technology equipment, has entered into a memorandum of understanding (MOU) with South Korean-based LD Carbon to develop and install Mars’ pin mixer technology at LD Carbon’s newest pyrolysis and recovered carbon black (rCB) facility, which will be the largest of its kind in Asia. LD Carbon is a material industry company that supplies its Green Carbon Black, an eco-friendly rCB made from waste tires that have been pyrolyzed, refined, and processed for reuse by tire and rubber manufacturers. LD Carbon also reclaims pyrolysis oil from the process that is used for replacing crude oil and raw material of petrochemical products.

A Seoul-based startup LD Carbon, which specializes in pyrolysis, waste treatment and raw material recycling, received an equity investment from SK Incheon Petrochem, the petrol business subsidiary of SK innovation. Based on its patented technology, LD Carbon produces Recovered Carbon Black (rCB) by utilizing the residue generated from the pyrolysis of waste tires and supplies it to domestic and foreign tire and rubber product manufacturers. With the latest investment, LD Carbon will establish a new facility producing tire pyrolysis oil, which is produced as end-of-life tires decompose. Korea Development Bank will also help it by issuing new convertible bonds.

South Korean waste treatment and raw material recycling company LD Carbon (CEO Baek, Seong-mun and Hwang, Yong-kyung) announced that it had signed an MOU with Japan’s Sumitomo Rubber Industries, Ltd. for the commercialization of sustainable tire raw materials. Sumitomo Rubber Industries is a global tire manufacturer head quartered in Japan, ranked global No.5 in terms of sales (approximately 7.25 billion USD) LD Carbon and Sumitomo Rubber Industries held a business agreement ceremony at the headquarters of Sumitomo Rubber Industries located in Kobe, Japan on November 18 and promised to cooperate in the commercialization of recovered carbon black and pyrolysis oil.

LD Carbon, a waste treatment and raw material recycling company from South Korea, announced on August 16th that it had succeeded in attracting 15 million USD of “Series A” investment. In this “Series A” of LD Carbon, Value System Asset Management participated as an anchor investor, and four investment institutions, including Korea Investment & Securities Co., Pentastone Investment & Elohim Partners, participated.