News: Tire Recycling & Pyrolysis

Bridgestone announced it will be supplying teams at the Bridgestone World Solar Challenge (BWSC) with tires developed using 63% recycled and renewable materials. The tires, which are custom-designed to meet the unique challenges of the 3,000 kilometer across Australia, mark the first use of the company's new ENLITEN® technology in motorsport competition. According to Bridgestone, the company has always endeavored to support safety in motorsport where drivers are repeatedly challenged under extreme conditions and situations. The company maintains immense pride and passion, and a relentless commitment to the evolution of technology, production, logistics, brand power, and talent development through motorsport. Bridgestone celebrates the 60th anniversary of its motorsport activities in 2023 and keeps the endeavor to support sustainable global motorsport.

Ecolomondo Corporation (Ecolomondo) – a cleantech company specializing in the commercialization of its Thermal Decomposition Process (TDP) proprietary recycling technology and the global deployment of TDP turnkey facilities – announced that it has released its unaudited consolidated financial statements and notes thereto and its related management discussion and analysis for the interim period ended June 30, 2023 (Interim Financial Statements). The documents are available on SEDAR website.

AZuR reports that the practice of retreading tires in Europe is encountering a new challenge. An increasing influx of tires imported from the Far East is increasingly displacing them. Over the span of ten years, the market share for retreaded truck tires has decreased from 34.2% in 2012 to 20.1% in 2022, as per ETRMA data. This shift holds significant implications for both the environment and the climate. Retreaded tires in Europe offer the same quality, safety and durability as comparable new tires, as well as clear environmental benefits. The retreading here in Europe not only reduces long transport distances, but also reduces CO2 emissions in production by over 60% and energy consumption by about 50%.

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Liberty Tire Recycling – one of the biggest tire recycling companies in the United States – presented its latest 2022 Environmental, Social, and Governance (ESG) report, showcasing its commitment to building a sustainable future and driving a greener tomorrow. According to Liberty Tire Recycling, since its inaugural report last year, the company have made significant progress across all four pillars of its ESG commitment through initiatives, partnerships and the dedication and ingenuity of the company’s exceptional employees.

ZARE (Zertifizierte Altreifen Entsorger) – a German end-of-life tire collection and recycling organization – has reported that despite ongoing efforts to promote recycling, incidents of illegal waste tire disposal are not decreasing. ZARE emphasizes the need to shed light on this persistent issue and raise awareness among politicians about its scale. This approach is seen as crucial in order to bring about legal changes that would lead to tighter regulations and increased monitoring of end-of-life tire exports.

Scandinavian Enviro Systems (Enviro) has contracted Mårten Wikforss as responsible for the company's communications and investor relations. Mårten Wikforss is an independent communications advisor with a focus on cleantech and greentech companies and has, among other things, been the communications and IR manager for the fuel cell company PowerCell Sweden AB. Wikforss has a long-standing past as information manager within AB Volvo, including in the role of Executive Vice President, Corporate Communication.

The Association of Natural Rubber Producing Countries (ANRPC) released the Monthly Natural Rubber (NR) Statistical Report, July 2023. The global production of NR witnessed a 2.1% growth amounting close to 1.3 million tons, while global demand of NR posted a relatively faster growth at 3.2% to 1.3 million tons during the month of July. The market's heightened sensitivity to cautious market circumstances, combined with growing fears about China's economic slowdown, continuous Federal Reserve rate hikes, and geopolitical tensions, hindered this near-market-equilibrium development from driving the prospects of the NR market.

The Association of Natural Rubber Producing Countries (ANRPC) is organizing its 13th Annual Rubber Conference, Opening Session of 45th ANRPC Assembly and 6th ANRPC Public-Private Meet at Radisson Blu Hotel, Guwahati, India on 9 and 10 October 2023 (Monday and Tuesday). This event is hosted by the Rubber Board of India, Government of India. The one-day conference, with the theme “Natural Rubber Industry: Challenges and Policy Options in the 21st Century”, will provide an international meeting point and a platform for meaningful interactions and networking among rubber industry players, policy makers, researchers, and commodity analysts across countries.