Sumitomo partners with LanzaTech to advance rubber recycling technology
Sumitomo Rubber Industries, Ltd. announced a collaboration with Sumitomo Riko Company Limited and Sumitomo Electric Industries, Ltd. This initiative is designed to further the development of recycling technologies, paving the way for a circular economy. In November 2022, Sumitomo Riko announced a joint development agreement with LanzaTech Global, Inc. (LanzaTech), a US-based carbon recycling firm known for its expertise in carbon capture and utilization (CCU) technology. The three Sumitomo companies will join forces with LanzaTech aiming to pioneer groundbreaking technologies that enable a circular economy, transforming waste materials, including rubber, resin, urethane, and metal, into valuable resources.