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A Dutch company Black Bear is ready to advance its tire recycling process transforming tires into carbon black, and it managed to receive additional funding of €5 million; the recent growth capital follows prior funding of €11million. The most recent sum became available thanks to a venture capital company from Belgium Capricorn Venture Partners and Particon that provides investment to innovators in tech. Following this investment, the overall financing has managed to reach €16 million.

In tire recycling, one can create different types of output depending on production technology. From each output type, several applications can be produced, hence different industries and markets can be targeted. Currently, there is a wide range of products that can be developed via tire recycling. However, to significantly increase profits, R&D activities prove to be an integral part of tire recycling. Success of products on the market largely depends on the regions where they are sold.

Oil makes up approximately 35-45% of pyrolysis output depending on process conditions. Recovered fuel oil consists of three fractions with the middle fraction prevailing and it cannot be considered a substitute for traditional fuels before purification and sometimes additional treatment. Width of application of tire-derived pyrolysis oil depends on regulations in particular countries where a project is carried out. In countries with strict environmental protection regulations pyrolysis oil may require additional treatment and refinement, which in turn will increase production costs and lower profit margins.

On the 6th of February, American Society for Testing and Materials (ASTM) announced opening a committee which will develop standards for the recovered carbon black (rCB). The goal of the ASTM’s new committee D36 will be to establish and update standards in end-of-life tire (ELT) and scrap rubber decomposition, standards in material characteristics and sustainability. ASTM declared that the committee will be formed and governed by the members of its existing committee on carbon black (D24) who engaged in working with a vast portfolio of standards on recycled carbon black goods.