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Despite the teams’ remarkable engagement and the Group's efforts, the viability of the two plants could not be preserved. The two sites have been severely impacted by the structural transformation of the Passenger car & Light truck and Truck tire markets and worsening competitiveness of Europe, notably due to inflation and rising energy prices. This decision has been made as a last resort, once all alternative solutions and scenarios have been analyzed and evaluated.

The tire waste recycling industry is transforming after 25 years of gradual progress. Traditionally, recycling focuses on mechanical processes to separate and recover rubber, steel, and fiber from End-of-Life Tires (ELTs), with applications developed for products like sports turf, civil engineering, mats, and even fuel for cement kilns.

The Traction Summit in Charlotte, North Carolina, brought together key players in the tire and automotive industries to discuss sustainable mobility and the journey toward net-zero emissions. Michelin shared its target to achieve net-zero scope 1 and 2 emissions and develop fully recyclable tires by 2050, while Continental aims for 40% sustainable tire content by 2030, moving to 100% by 2050. Presenters highlighted that Extended Producer Responsibility (EPR) in the U.S. is expected to advance as the need for tire recycling solutions grows.

Continental Tyres has received the “Tyre Industry Environmental and Sustainable Solution of the Year” award at the 2024 National Tyre Distributors Association (NTDA) Tyre Industry Awards. Presented during the NTDA’s 94th Annual Dinner, the award celebrates Continental’s commitment to sustainability, surpassing competitors like Bridgestone, Hankook, Marangoni, and Michelin.

For too long, end-of-life tires (ELTs) have been treated as trash and discarded. ELTs make up nearly 2% of the total global waste, and an estimated one billion ELTs are discarded yearly. This waste flow is growing dramatically year after year. But businesses follow circular economy principles, they begin to view this trash as an opportunity. Through chemical pyrolysis, ELTs can be broken down into reusable commodities like recovered Carbon Black, recovered Pyrolysis Oil, and recovered Steel.

Véronique Giraud, CEO of Continental Tires France, has been elected President of ALIAPUR, France's leading end-of-life tire (ELT) collection service, starting August 1, 2024. Giraud has been with Continental since 1999, holding various senior roles, including Managing Director of Continental Tires China, before taking over the French division on July 1, 2024.

As the construction of the Uddevalla recycling plant continues, Scandinavian Enviro Systems AB (publ) has released a half-year report. Second quarter 2024: Net revenues for the period were MSEK 58.5(3.6) Earnings after tax for the period were MSEK 30.5 (-25.3) Earnings per share for the period (before dilution) was SEK 0.04 (-0.03)

Scandinavian Enviro Systems (Enviro) has received MSEK 25.6 in compensation from the joint venture company after achieving a first predefined milestone linked to the construction of the plant in Uddevalla. Half of the compensation consists of cash and the other half of shares in the joint venture company. The compensation is received after achievement of the first of several predefined milestones linked to the construction of the site in Uddevalla. As previously commmunicated, Enviro will continuously receive compensations linked to the achievement of certain predefined milestones. As Enviro also previously announced, the company will communicate individual transactions linked to these compensations.

Australia’s circular tyre economy expands into the next decade with more opportunities for investors, recyclers and manufacturers The new financial year marks 10 years of operation for Tyre Stewardship Australia and sees more rubber product recycling opportunities opening up across the country than ever before. Industry case studies show rubber product users and recyclers, in metro, regional, rural, and remote areas, are defying challenging economic times to gain value from tyre recycling.