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LD Carbon, a waste treatment and raw material recycling company from South Korea, announced on August 16th that it had succeeded in attracting 15 million USD of “Series A” investment. In this “Series A” of LD Carbon, Value System Asset Management participated as an anchor investor, and four investment institutions, including Korea Investment & Securities Co., Pentastone Investment & Elohim Partners, participated.

Swedish tire pyrolysis operator and equipment manufacturer Scandinavian Enviro Systems (Enviro) reports about a long-term strategic partnership with the French global tire manufacturer Michelin which resolved to conduct a private placement of approximately SEK 32.5 million (EUR 2.97 million), by which Michelin, through its wholly-owned subsidiary Michelin Ventures SAS, will subscribe for shares in Enviro corresponding to holdings of 20% after the issue. The strategic partnership is intended to include, among other things, the establishment of a jointly owned recycling plant for end-of-life tires and joint development work to expand the possibilities for the materials that are recycled using Enviro’s technology.

Currently rubber recycled from end-of-life tires (ELTs) was ranked 3rd among the most suitable candidate streams for which to develop further EU-wide end-of-waste (EoW) criteria in the European Commission JRC’s report. The European Tyre and Rubber Manufacturers’ association (ETRMA) and the European Recycling Industries’ Confederation (EuRIC) are pleased about this prioritization exercise, although they are right to wonder why there is no date on the horizon. The 3rd place (after Plastic and Textiles) is still worth a medal, nevertheless. Considering the enormous potential of chemical recycling (pyrolysis) of ELTs, the (very) few missing points could have been made up (author's opinion) and a time horizon might be foreseeable.

On International Recycling Day, May 17, Continental reiterated its commitment to achieving full carbon neutrality by 2050 and becoming the leading tire company in sustainability. Continental has long been reducing its reliance on fossil fuels, promoting the circular economy, and cutting emissions. Their Tires Vision 2030 sets ambitious targets: 60% sustainable materials in their products, 20% waste reduction, a 95% recycling rate, and a 20% decrease in energy and water consumption.

On April 15, SK Energy and SK Networks announced that they will collaborate with Daeho Industries, Korea's leading retread tyre manufacturer, to develop a low-carbon circular system that utilizes scrap tyres. According to the agreement, the three parties will analyze the viability of the pyrolysis process that produces recovered carbon black and pyrolysis oil, as well as the measures to strengthen the collection and delivery system of waste tyres in South Korea.

Bridgestone Corporation recently announced that it has commenced the production of tire derived oil and recovered carbon black through pyrolysis of used tires using test units installed at Bridgestone Innovation Park in Kodaira City, Tokyo. This initiative is aimed at promoting the social implementation of chemical recycling technologies that enable precise pyrolysis of used tires. The scope of this initiative is indicated by the red frame in the chemical recycling diagram below. This project is one of two R&D projects that are part of an initiative for developing chemical product manufacturing technologies utilizing used tires promoted by the New Energy and Industrial Technology Development Organization (NEDO) of Japan

Kal Tire’s Mining Tire Group announced it has received International Sustainability and Carbon Certification (ISCC) PLUS certification verifying that its mining tire recycling facility in Chile processes circular feedstocks. At Kal Tire’s facility in Northern Chile, end-of-life ultra-class tires are converted to their base elements (carbon black, oil and steel) so they can be reused in new products instead of raw materials. The facility’s thermal conversion processes uses heat and friction to induce a process that sees virtually 100% of the tire reused.

Klean Industries Inc., a cleantech company specialized in the conversion of waste into energy and recovered resources, announced in mid-January 2021 that they have been nominated for an award in the Business Innovation category of the first edition of The Recircle Awards. As a technology pioneer, Klean say they recognize the challenges of creating, financing and successfully deploying innovative technologies that reduce the consumption of virgin resources and recovery of valuable materials and energy from end-of-life tires. As one of the pioneers in the advanced thermal treatment of scrap tires, waste plastic and municipal solid waste, Klean continues to advance its technology offering for its customers and new clients alike with the rollout of the KleanLoop™ Blockchain DApp and its Distributed Ledger Technology (“DLT”).

Ecolomondo – a Canadian end-of-life tire pyrolysis company – reports in its press release that the new agreement will provide 30,000+ tons of tire feedstock and $3.4 million tipping and handling revenue to Hawkesbury recycling facility as it prepares for lunch. Ecolomondo Corporation is a cleantech company commercializing its proprietary Thermal Decomposition Process (“TDP”) recycling technology and turnkey TDP facilities used to transform tires, plastics and other hydrocarbon waste streams into saleable renewable commodities. Ecolomondo is pleased to announce it has entered into a long-term supply agreement (the “Agreement”) with Recyc-Quebec to have over 31,000 short tons of end-of-life-tire (ELT) feedstock (approximately 80% passenger tires / 20% truck tires) delivered to the Company’s flagship Hawkesbury TDP recycling facility.