China Hainan Rubber, a state-owned holding company in China listed on the Shanghai Stock Exchange, has made a cash offer to acquire 574.2 million shares in the capital of Singapore-listed Halcyon Agri Corporation for approximately US$180.9 million. The number of shares…
Category: Industry News
Michelin and Bridgestone see demand for up to 1 mn tonnes of RCB in 2030
In a joint appeal, tyre manufacturers Michelin and Bridgestone believe that there is the potential for an annual total market of up to 1 million tonnes of recovered carbon black by 2030. The appeal was made at the Smithers Recovered…
Bridgestone awarded US$35 mn from USDA for guayule production
Bridgestone Americas says it has been awarded a US$35 million climate-smart grant by the US Department of Agriculture (USDA) to further cultivate and scale the use of desert shrub guayule as a sustainable way to expand natural rubber production in…
Asahi Kasei markets BR and S-SBR made from mass-balance method
Japanese chemical firm Asahi Kasei says it will begin the sale of Tufdene S-SBR (solution-polymerised styrene-butadiene rubber) and Asadene BR (butadiene rubber) made using the mass-balance method at Asahi Kasei Synthetic Rubber Singapore Pte. Ltd. and the Synthetic Rubber Plant…
Pyrowave’s recycled styrene to be used by Michelin in SBR tyres
Canadian recycler Pyrowave says it has reached a major stage having successfully passed Michelin Group’s quality tests with the first 99.8% pure recycled styrene monomer produced from polystyrene waste. Recycled monomer can now be integrated into industrial elastomer batches. For…
Bridgestone to invest US$250 mn into Costa Rica tyre plant
Bridgestone Americas (Bridgestone) has announced an investment of approximately US$190 million to renovate and expand its tyre manufacturing plant located in Belén de Heredia, Costa Rica. This investment is in addition to more than US$60 million planned for 2022-2026. In…
Enviro receives pyrolysis oil order from Preem
Tyre recycler Scandinavian Enviro Systems says it has received a recovered tyre pyrolysis oil order worth approximately US$190,000 from Swedish fuel company Preem. The oil will be delivered in the first quarter 2023 and used by Preem for production tests.…
New light on Michelin’s link to deforestation and greenwashing in Sumatra
According to global advocacy organisation Mighty Earth, an investigation by European multilingual news website Voxeurop into a “sustainable” rubber project by French tyre giant Michelin and Indonesian partner conglomerate Barito Pacific has led to fresh allegations of widespread deforestation, wildlife…
Troester expands to India with new subsidiary
To grow within the Indian market, German rubber machinery maker Troester has set up a new subsidiary Troester India Pvt Ltd based in Chennai (Tamil Nadu) to focus on expanding the rubber business unit. India is a steady growing market…
Bolder ties up in partnerships for European tyre recycling facility
US-based Bolder Industries, the circular solutions provider for rubber, plastics, and petrochemical industries, has announced partnerships with Antea Group, Cyclops, and OSQB as Bolder establishes its global footprint with its first European facility at the NextGen District in the Port of Antwerp, Belgium. These partnerships…