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On December 12, OMV the integrated energy, fuels & feedstock, and chemicals & materials company headquartered in Vienna, Austria, and Synthos, the biggest synthetic rubber producer in Europe with a global reach, announced the signing of a Memorandum of Understanding (MoU). Under the MoU, the two companies will cooperate on sustainability, focusing in particular on the supply of sustainable raw materials that can be used to manufacture high-performance tires. This step underlines both companies’ commitment to a circular economy by using bio-based and circular feedstocks, underpinning their mass-balance approach to manufacture essential products in everyday life.

Australian environmental technology company Entyr has achieved a significant milestone by entering into offtake and collaborative agreements with global commodities industry giant Trafigura. Specializing in addressing the global tire waste problem, Entyr and Trafigura will collaborate on exploring markets for high-quality products derived from end-of-life tires. The offtake agreement stipulates that Trafigura will receive 100% of Entyr's products, including tire pyrolysis oil, carbon char, and recovered carbon black production. The collaboration spans 20 years, aiming to contribute to Entyr's growth and profitability by sustainably recycling key waste streams.

On December 4th, 2023, Reoil Sp. z o.o. of Poland was awarded REACH Registration EC: 948-949-8 for pyrolysis oil from waste rubber and tires. This makes Reoil the first manufacturer in the world with a permit to produce/import the substance or produce or import an article containing it in quantities exceeding 1,000 MT per year in Europe. Reoil is a tire pyrolysis technology developer and operator in Poland. Reoil has been producing tire derived oils and carbon products at their Bukowna site since 2016. Their successful operation allowed them to achieve positive results over the last three years, achieving a turn-over of EUR 11 million from sales of product in 2023 with an EBITDA margin of EUR 6 million.

By passing the Green Deal in 2019, the European Union (EU) set the course for more sustainable investments, for example in areas like renewable energy, biodiversity, or circular economy. The goal is to reach a climate-neutral economy in the EU by 2050, with a reduction goal of 55% by in 2030. To achieve these climate goals, the Green Deal includes an investment plan of 1 trillion euros over the next 10 years. Despite this huge investment, the EU depends also on the support of the private sector to achieve the Paris climate agreement.

With new European partners, Allianz Zukunft Reifen (AZuR) is gaining additional expertise in pioneering technological fields of the tire circular economy. Among AZuR’s new partners is now Weibold – tire recycling and pyrolysis consulting company from Austria. Beside this, AZuR-Network joined: The Bavarian CTS Bitumen is the technology leader in the rubber modification of bitumen for road construction.

According to the latest Pyrum Innovations AG’s (Pyrum) press release, Pyrum and BASF Antwerpen NV have signed a new cooperation agreement on November 15, 2023. This provides for a conditional loan of initially EUR 25 million, available in tranches, which is intended to serve as start-up financing for the implementation of Pyrum Innovations AG's specific project pipeline by 2026. The subject of the agreement is the planning, project planning and construction of at least three new plants with an annual capacity of 20,000 tons of used tires each using the funds made available. Pyrum plans to use the funds in particular for the construction of the announced plant in Saarland as well as the equity contribution and co-financing of up to five of the projects announced in recent months with financially strong partners.

Global leading tire company Hankook Tire & Technology (Hankook Tire) hosted the official kick-off meeting for the ’Tire-to-Tire Circular Economy Model’ consortium on November 1 in Daejeon, South Korea. Held at the Hankook Technodome, the event marked the start of the consortium’s efforts to create the business model for the circular economy of end-of-life tires in Korea.

Pyrum Innovations AG (Pyrum) together with the recycling company REMONDIS have announced the starting signal for planning a Pyrum plant for recycling used tires. A letter of intent was recently signed for this purpose. The plant will be located on a site owned by Weserport in Bremen, a subsidiary of REMONDIS sister company Rhenus. It will have a recycling capacity of 20,000 tons of old tires per year, from which the raw material carbon black will be recovered.

Smithers Recovered Carbon Black conference is returning across the 6-8 November 2023 at the Hyatt Regency Barcelona Tower in Barcelona, Spain. Over 280 rCB representatives joined the rCB conference 2022 with the conference selling out one month before; over 300 rCB representatives are expected to join Smithers in Barcelona this November. As Europe’s leading rCB industry event, the conference provides a unique opportunity for delegates to get the latest industry information and network face-to-face with global experts.