South Korean LD Carbon gets $15 million worth investment from Korean Petrochemical company
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.