The Goodyear Tire & Rubber Company released its annual report on corporate responsibility performance. The report summarizes the company’s actions in 2019 that demonstrate Goodyear’s commitment to ethical and sustainable processes, materials and programs that can help people, communities and the environment.
by ASILA JALIL / pic by BLOOMBERG THE production of natural rubber in the country increased 24.7% in July to 41,801 tonnes compared to 33,531 tonnes registered in June, according to monthly rubber statistics by the Department of Statistics Malaysia (DoSM). Yearly comparison of the production, however, registered a decline of 30.4% compared to the […]
Hanover / Berlin, August 27, 2020. For the first time ever, the German Federal Ministry of Economic Cooperation and Development (BMZ) and technology company Continental are making a rubber supply chain seamlessly electronically traceable – from cultivation in Indonesia and further processing through to tire production.
Officially funded by the EU in May 2020, the BlackCycle partners are pleased to announce the launch of the project today. The BlackCycle project involves 13 organisations1 in a unique European public-private partnership that will demonstrate the technical, environmental, and economic viability of world-first circular processes. The consortium will develop specific solutions to produce sustainable raw materials for tyres: ELT collection and feedstock selection, pyrolysis2 optimisation, oil refining and valorisation, furnace process optimisation, and sustainable tyre performance assessment. As early as 5-6 years after the project, close to 1 out of every 2 European ELTs will be incorporated into the only virtuous cycle of this magnitude amongst all industrial sectors for the recovery of end of life products.
Australian tire recycler Green Distillation Technologies, which has already developed world-first technology that can commercially and economically turn end-of-life tires (ELTs) into high value, oil, carbon and steel, can now take the carbon raw material and turn it into hydrogen.
Thai benchmark smoked rubber sheets (RSS3) began rallying in July and rose to the highest levels in nearly three years at 64.65 baht ($2.06) per kg last week. It has eased a little and was quoted at 61.25 baht per kg on Tuesday. Prices for the grade have usually hovered at levels under 50 baht per kg in past years. “Rubber prices increased from global demand, driven by Chinese exports after the economy began to recover,” said Deputy Government Spokeswoman, Rachada Thanadirek.
Ludwigshafen, Germany and Budapest, Hungary – September 1, 2020 – BASF SE (“BASF”) signed an uptake supply agreement with New Energy, a technology company specialized in the pyrolysis of waste tires, headquartered in Budapest, Hungary. According to the agreement, New Energy will supply BASF with up to 4,000 metric tons of pyrolysis oil per year derived from waste tires. In a pilot phase, first volumes of the pyrolysis oil have already been utilized successfully in BASF’s integrated chemical production site (Verbund) in Ludwigshafen, Germany.
A new report from Smithers, the multinational provider of testing, consulting, information, and compliance services, has identified the top 20 technologies that will transform the global tire industry across the next two decades. The trends identified range from new materials to smart driving concepts.
BOSTON – August 13, 2020 – Cabot Corporation will increase prices by $.03 per pound on all carbon black products sold by its Reinforcement Materials segment in North America, effective October 1, 2020, or as customer contracts allow.
This price increase is necessary to address the substantially increasing costs to provide reliability and supply assurance to customers as the industry rebounds from the COVID-19 crisis and experiences rising utilizations in line with long-term fundamentals. In particular, Cabot is investing in the range of $200 million for NOx and SOx reduction projects to meet US EPA requirements, with additional spending for operating expenses and ongoing sustaining and improvement projects. Cabot was the first manufacturer in the carbon black industry to reach an agreement with the EPA to minimize air emissions and is on track to meet upcoming industry deadlines in 2021 and 2022. Taken together, these expenditures and the associated price increase will enable continued quality and supply security for Cabot’s customers and sustainability benefits for its employees, customers and communities.
Prices of NR, both in the futures and physical markets, moved along a recovery path during July with the notable exception of latex market. Despite the growing concerns about a possible second wave of the pandemic and deteriorating US-China diplomatic relation, NR prices have the potential to continue moving along the marginal recovery path, in the short-term, supported by a host of factors which include the anticipated marginal improvement in the world consumption, factors constraining the world production and physical availability of NR , fall in the inventory held in the designated warehouses of the Shanghai Exchange, continued weakness expected in the U.S. dollar, and the support from the crude oil market.