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BASF SE – one of the largest producers and marketers of chemicals and related products in the world – is to invest €16 million into a German pyrolysis operator Pyrum Innovations AG – a technology company specialized in the pyrolysis of end-of-life tires, headquartered in Dillingen/Saar, Germany – as part of its ChemCycling™ project, which aims at sourcing pyrolysis oil from end-of-life tires as additional raw material source next to oil from mixed plastic waste.

In its recent press release, Michelin says that the BlackCycle project is officially funded by the EU in May 2020. The BlackCycle project involves 13 organizations in a unique European public-private partnership that will demonstrate the technical, environmental, and economic viability of world-first circular processes. The consortium will develop specific solutions to produce sustainable raw materials for tires: ELT collection and feedstock selection, pyrolysis optimization, oil refining and valorization, furnace process optimization, and sustainable tire performance assessment. Michelin says that as early as 5-6 years after the project, close to 1 out of every 2 European ELTs will be incorporated into the only virtuous cycle of this magnitude amongst all industrial sectors for the recovery of end-of-life products.