CSRC to partner with Eco Infinic and Continental Carbon to establish rCB plant in North America
CSRC group's board has approved a partnership with Eco Infinic Co., Ltd., a subsidiary of SHEICO group, to invest in the recovered carbon black (rCB) business at the former site of Continental Carbon Company (CCC) Phenix plant. This joint venture aims to develop the North American market for recovered carbon black and commence production in 2026. According to CSRC, the new plant will be one of the largest in North America, with an annual capacity of 30,000 tons of rCB, 35,000 tons of tire pyrolysis oil (TPO), and 2,300 tons of steel wire. The joint venture will be 65% owned by Eco Infinic, with CSRC and CCC jointly holding 35%. Specifically, the capital contributions to the joint venture are as follows: CSRC will contribute USD 12,500,000 in cash for 21% of the shares; CCC will contribute assets worth USD 8,500,000 for 14% of the shares; and Eco Infinic will contribute USD 39,000,000 in cash for 65% of the shares.