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According to the officials, the move is expected to bring down the cost of imports of carbon black for tire makers, small and medium-sized rubber goods manufacturers, while reducing the protection levels for domestic makers of carbon black such as Philips Carbon, Birla Carbon and Himadri Speciality, The Hindu Business Line reports. Yet, it remains unclear if consumers will benefit as much as they would depend on the rubber good producers passing it on to the customers, they added.
According to company’s statement, the project, the investment value of which has not been disclosed, will utilize pyrolysis and hydrotreating technologies to convert end-of-life tires into renewable drop-in advanced biofuels that can be used in diesel and petrol and qualify as development fuels under the UK’s Renewable Transport Fuel Obligation (RFTO).
the $2.5 million project is to essentially rebuild streets within the triangle created by Louise Avenue on the south, Highway 99 on the east and the commercial property facing North Main Street will include recycled crushed tires in the asphalt mix. A $350,000 CalRecycle grant is what made the rubberized asphalt project possible. The project to repave Springtime Estates along with Mayors Park in the triangle bounded by Louise Avenue on the north, Union Road on the east and the railroad tracks on the west is before the City Council when they convene Tuesday at 7 p.m. during a Zoom meeting. The council meeting can be viewed via livestreaming on the city’s website or on Comcast Channel 97.