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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.

Fornnax Technology, a renowned pioneering force in the industry of tyre recycling solutions, has yet again demonstrated its commitment to excellence by attaining the prestigious Best Tyre Recycling Industry Supplier Award at the Recircle Awards 2023. The award ceremony, a highlight of the Futurmotive Expo & Talks Event held in Bologna, Italy on Thursday, November 16, 2023, celebrated industry leaders and innovators contributing significantly to sustainable practices in the tire recycling sector.

Porous Lane, a pioneering venture led by Associate Professor Mahdi Disfani and Dr Amir Mehdizadeh, is revolutionizing the pavement and construction industry in Australia by transforming used tires from landfills into robust and permeable pavements. This technology aims to create flood-resistant cities, enhance water quality, and divert waste from landfills. The founders, supported by the University of Melbourne's Translating Research at Melbourne (TRAM) programs, participated in the 2019 TRAM Track and are currently part of the 2023 TRAM Air cohort, focusing on refining their venture's investibility.

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.

Tyre Stewardship Australia (TSA) encourages tyre recyclers in Victoria to apply for Manufacturing Growth Program. Small and medium-sized manufacturers play a key role in helping Australia realise a more circular economy. Program overview

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.

The CEOs of 10 leading tire manufacturers gathered to confirm a two-year Tire Industry Project (TIP) workplan focused on research and action for sustainability in the tire lifecycle, including tire-emission research and end-of-life tire management. TIP’s workplan for 2024 and 2025 builds on its established program of scientific research with enhanced action and stakeholder engagement across projects relevant to environmental, social and governance (ESG) in the tire sector.

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.