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On February 23, Scandinavian Enviro Systems (Enviro) has received an initial payment for costs incurred relating to the plant in Uddevalla, Sweden. The payment has been made by the joint venture established by Enviro and Antin Infrastructure Partners. In this initial stage, Enviro has received a payment of MSEK 53 million, of which MSEK 26.5 in cash and MSEK 26.5 in the form of shares in the joint venture. As previously communicated, Enviro has an option to acquire an ownership share in the joint venture that over time will ultimately correspond to approximately 30 percent. Enviro intends to fully exercise this option.

The construction of the end-of-life tire recycling plant in Sweden will be based on Enviro’s unique pyrolysis technology with the ability to extract raw materials from multi-component products. This joint venture announces the final investment decision for the construction of its first used tire recycling plant. Antin and Enviro entered into the joint venture in March of 2023 to build a series of plants in chosen European geographies.

Tokai Carbon is preparing for a substantial investment in its carbon black business, with plans to commit Yen57 billion (€353 million) over the next 3 years, concluding by the end of 2026. This strategic move is part of Tokai's T-2026 mid-term management plan, aiming to strengthen its core business. The main focus of this investment is to elevate the carbon black and fine carbon units into a "higher value-added business" while also expanding production capacity. Breaking down the investment plan, Tokai intends to invest a total of Yen146 billion across its operations, with Yen57 billion specifically allocated to the carbon black business.

As per the latest press release by Nokian Tyres, the company has made a long-term purchase agreement with a tire recycling joint venture. The agreement will help Nokian Tyres reach one of its key sustainability targets, which is to increase the share of recycled and renewable raw materials in tires to 50% by 2030. Nokian Tyres started to use recovered carbon black in a commercial product line in 2022. The long-term purchase agreement with a tire recycling joint venture enables its increased utilization in tires accelerating circularity and sustainability in the tire industry.

In Vienna, Austria across the 13-15 May 2024 the Carbon Black World conference, promises to be an exceptional gathering of industry leaders, innovators and experts, all converging to explore the latest advancements and breakthroughs in the dynamic realm of carbon black. Organised by Smithers, this eagerly anticipated event is proud to announce the 2024 full agenda. With presentations from Continental, Weibold, HiiROC, Birla Carbon, Alpen Group, Cabot Corporation, PCBL and many more, view full agenda here

On February 7, the joint venture between Scandinavian Enviro Systems (publ) (Enviro), Michelin and Antin Infrastructure Partners made the final investment decision regarding the construction of the end of life tire recycling plant in Uddevalla, Sweden. The joint venture has secured equity financing for the construction of the plant and signed multi-year agreements for the supply of end-of-life tires and offtakes for the recovered carbon black and oil products. The signed agreements regarding deliveries of recovered materials have a total value of approximately MEUR 180 (SEK 2 billion) over the contract period, which varies between 5 and 10 years.

Birla Carbon – one of the leading manufacturers and suppliers of sustainable carbon solutions – announced the establishment of two new virgin carbon black manufacturing sites in Naidupet, Andhra Pradesh, India, and Rayong, Thailand. “We are excited to augment our expansion plans in support of key customers in the fast-growing markets of India and Southeast Asia,” stated John Loudermilk, President and Chief Executive Officer, Birla Carbon. “These two new state-of-the-art factories will ensure a secure supply of our industry-leading products, quality, and service, allowing our customers to meet their growth ambitions.

AZuR members will take the opportunity to present itself at the Tire Technology Expo in Hanover. The leading European trade fair for the design and production of tires from March 19th to 21st, 2024 is all about sustainability. AZuR's stand C500 will be located in the Academic Corner. The over 220 exhibitors in Hanover also include the AZuR partners HF MIXING GROUP, Italmatic Group, Marangoni, Synthos and Zeppelin Systems GmbH. This year, AZuR is more strongly represented than ever with 26 presentations from 12 partners

Toyo Tires is exhibiting a concept tire that uses 90% sustainable materials at the Tokyo Auto Salon 2024. On January 12, at the Tokyo Auto salon, Toyo Tires presented its Sustainable Concept Tire. The tire, using 90% sustainable materials is a step forward towards a more viable future mobility. Among the raw materials necessary to commercialize tires, materials that are recognized to contribute to reducing environmental impact. Until now, the highest ever usage rate of sustainable materials in one of our tires was 50%. This latest development was made in the Open Country tires used in the 2024 Dakar Rallye.